In a Country with a Working-Age Population of 100 Million

question 334

Multiple Choice

In a country with a working-age population of 100 million, 70 million workers are employed and 5 million workers are unemployed. What is the labor force participation rate?

• A) 7 percent
• B) 70 percent
• C) 75 percent
• D) 5 percent

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Definitions:

Network Design

The planning and structuring of a communication, logistic, or supply chain network to ensure optimal performance and efficiency.

Capacity Allocation

The process of assigning available resources or capacity to various tasks, projects, or departments in an efficient manner.

Facility Location

The process of determining the best geographical location for a company's operations, manufacturing, or storage.

Plant Constraints

Limitations affecting production facilities, such as capacity, regulatory restrictions, or resource availability, which can impact output.