Assume That the Total Labor Force Is 100 Individuals with 10

question 325

Multiple Choice

Assume that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is____________ . Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is __________.

• A) 10 percent, 9 percent
• B) 11 percent, 10 percent
• C) 10 percent, 11 percent
• D) 9 percent, 10 percent

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Definitions:

Regulations

Rules or directives made and maintained by an authority to regulate behavior, typically in the context of industries or public services.

Legal Factors

Elements within the regulatory environment that affect businesses, including laws, regulations, and legal systems.

Nonprofit Firms

Organizations that operate for purposes other than making a profit, often focusing on social, charitable, or community-oriented goals.

Charitable Giving

Charitable giving is the act of donating money, goods, or time to non-profit organizations or causes, often as a way to support societal, environmental, or cultural issues.