# Chapter 25. Question 16

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Question 16
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You must read each slide, and complete any questions on the slide, in sequence.

During the recession from December 2007 to June 2009, the U.S. economy lost a total of 7,163,000 jobs.

### Question

A. How many jobs were lost per month, on average? isvT55hZhAfndbPz
Incorrect! The period from December 2007 to June 2009 is 18 months. 7,163,000÷18 ≈397,944.
Correct! The period from December 2007 to June 2009 is 18 months. 7,163,000÷18 ≈397,944.

### Question

B. Suppose that a healthy economy generates an average of 200,000 jobs per month. At this rate, how long would it take the economy to gain back the number of jobs it had lost? 607M7xmPORU= years
Incorrect! To calculate the number of months, divide the number of jobs needed by the number of jobs per month. 7,163,000÷200,000 = 35.8 months. This is about 3 years.
Correct! To calculate the number of months, divide the number of jobs needed by the number of jobs per month. 7,163,000÷200,000 = 35.8 months. This is about 3 years.

### Question

C. According to data from the Bureau of Labor Statistics, the U.S. economy gained 5,485,000 jobs from June 2009 to June 2013. What was the average number of jobs per month created during the first four years of recovery? WEGoJ7kRab4a2u7Z
Incorrect! Four years is 48 months. 5,485,000÷48 ≈ 114,271.
Correct! Four years is 48 months. 5,485,000÷48 ≈ 114,271.