If the Labor Force Is 320,000 and the Total Population

question 162

Multiple Choice

If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate is

• A) 72%.
• B) 76%.
• C) 80%.
• D) 88%.

---

Definitions:

TV Commercials

Short advertisements broadcasted on television, designed to inform or persuade viewers about products, services, or ideas.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing to do one thing over another.

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Digital Camera

An electronic device that captures and stores photographs in digital form, allowing them to be viewed, transferred, or printed.