|
|
OPEC: The common abbreviation for the Organization of Petroleum Exporting Countries, which is an international organization of more than a dozen nations located primarily in the Middle East, Africa, and Central America that controls a sizeable portion of the world's petroleum reserves. This control over oil reserves gives OPEC significant market control, which it has been inclined to exert from time to time. The most noted time was the 1970s. OPEC raised oil prices from a scant $2 to $3 a barrel in the early 1970s to over $30 a barrel by the end of the decade. As an group of independent oil-producing nations seeking to monopolize the market, OPEC represents a textbook example of an cartel.
Visit the GLOSS*arama
|
|
|
|
                           REFERENCE WEEK, CURRENT POPULATION SURVEY: The calendar week (Sunday through Saturday) containing the 12th day of the month, which is used in the Current Population Survey (CPS) as the time period for documenting the employment and labor force status of respondents. The estimation of the unemployment rate and other employment information generated by the CPS are based on activities of survey respondents during this week. The actual survey is conducted by interviewers working for the Bureau of the Census during the calendar week containing the 19th day, which is termed the survey week. In essence, about 1,500 census survey takers set forth bright and early Sunday morning during the survey week to canvas the country side. Over the course of the next seven days, each survey taker conducts a relatively detailed interview with the occupants of about 40 households. The questions that are posed to the occupants inquire about their activities during the previous week, which is the reference week.A complete week is used as the reference period (rather than a month or a day) because a week is long enough to exclude holidays and erratic, random, one-time aberrations, but short enough to give current employment status. It is also an easily defined time period. The survey week immediately follows the reference week to ensure that respondents have an accurate recollection of their employment status. Should too much time pass between the survey week and the reference week, respondents might understandably forget what they did. The reference week always includes the 12th day of the month to maintain consistency, to provide equal reporting periods, and to avoid monthly aberrations. Changing the reference week from month to month, would, at the very least, provide an inconsistent reporting period.
Recommended Citation:REFERENCE WEEK, CURRENT POPULATION SURVEY, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: June 30, 2025].
Check Out These Related Terms... | | | | | | | | | | | | | | |
Or For A Little Background... | | | | | | | | | | |
And For Further Study... | | | | | | | | | | | | | | | | | |
Related Websites (Will Open in New Window)... | | | |
Search Again?
Back to the WEB*pedia
|
|
|
GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club seeking to buy either a flower arrangement with a lot of roses for your grandmother or a wall poster commemorating the first day of winter. Be on the lookout for cardboard boxes.
Your Complete Scope
This isn't me! What am I?
|
|
|
Woodrow Wilson's portrait adorned the $100,000 bill that was removed from circulation in 1929. Woodrow Wilson was removed from circulation in 1924.
|
|
|
"I learned about the strength you can get from a close family life. I learned to keep going, even in bad times. I learned not to despair, even when my world was falling apart. I learned that there are no free lunches. And I learned the value of hard work. " -- Lee Iacocca
|
|
SLLN
Strong Law of Large Numbers
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
