Based on the criteria used by Bureau of labor statics, Identify each person status as employed, unemployed, not in labor force ,not in civilion labor force but still part of adult popoulation. 1. Bob is a 71-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda. .
2. Cho is a 42-year-old autoworker who was just laid off by her employer. She is trying to any kind of job to help make ends meet. .
3. Eric is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago. .
4. Lucia is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago. .
Kenji is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading. .
Ginny is a 11-year-old student at East Valley Middle School. She babysits her younger brother and does other chores, so her parents give her an allowance of $25 per week..

Answer and Explanation:

The classification is as follows

1. The bob is employed as he is an old professor

2.  Cho is unemployed as she is laid off and she is trying to find any kind of job

3. Eric should not be counted in a labor force as he became so discouraged due to which he gave up for the job searching

4. Lucia is unemployed as she lost her job

5. Eric should not be counted in a labor force as he spent most of his time in gardening and reading

6. Ginny should not be counted in an adult population as she is only 11 years old

answer about 4-5 percent of the labor force is unemployed;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.