Refer to the Following Scenario to Answer the Following Questions

question 93

Multiple Choice

Refer to the following scenario to answer the following questions.
A government worker surveys a number of households and comes up with the following information: there were a total of 90 people in the households, 10 of the people were children under 16, 10 of the people were retired but still capable of working, 35 people had full-time jobs, 5 had part-time jobs, 5 were stay-at-home parents, 5 were full-time students over the age of 16, 5 were disabled people who could not work, 10 people had no job but were looking for jobs, and there were 5 people who wanted a job but were not looking for a job.
-According to the information in the survey,the labor force participation rate is

• A) 73.3 percent.
• B) 66.7 percent.
• C) 76.9 percent.
• D) 84.6 percent.
• E) 55.6 percent.

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Definitions:

Singer Sewing Machines

Brand of sewing machines first established in 1851, known for its pivotal role in the development of the garment industry.

Kodak

A technology company historically known for its significant contributions to photography and imaging industries through the development of photographic films and cameras.

Industrial Capitalism

Economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Commercial Capitalism

An economic system where trade, goods, and capital are privately controlled and operated for profit, characterized by the emergence of market economies and merchant classes.