Table 2 the Figures in the Table Below Are Taken from from the Statistics

question 18

Multiple Choice

Table 2. The figures in the table below are taken from the statistics office in a fictional country called Exland. $\begin{array}{|l|r|}\hline \text { Number of workers employed } & 8,400 \\\hline \text { Frictional unemployment } & 250 \\\hline \text { Structural unemployment } & 350 \\\hline \text { Cyclical unemployment } & 600 \\\hline \text { Discouraged workers } & 400 \\\hline \text { Adult population } & 12,000 \\\hline\end{array}$
Refer to table 2. How large is the labour force in Exland?

• A) 7,550.
• B) 8,000.
• C) 8,400.
• D) 9,600

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Definitions:

Industries

Sectors of the economy made up of manufacturing, production, or services that share common characteristics, skills, technologies, and markets.

Inventory Carrying

The costs associated with storing unsold goods, including finance, storage, and risk costs.

Obsolescence

The process of becoming outdated or no longer used, often due to advancements in technology or changes in consumer preferences.

Warehousing

The act of storing goods that will be sold or distributed later, involving a wide range of activities including holding, handling, and managing inventory.