In a Country with a Working- Age Population of 20

question 87

Multiple Choice

In a country with a working- age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The size of the labour force is

• A)20 million.
• B)12.5 million.
• C)14 million.
• D)15.5 million.
• E)14.5 million.

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Definitions:

Reinsure

A practice where an insurance company transfers a portion of potential risk to another insurer to reduce its overall liability.

Insurance Premium

The amount paid periodically to an insurance company by the policyholder for covering their risk.

Raw Land

Undeveloped land without any buildings or improvements, often considered as a real estate investment opportunity.

Proportionate Price

A price or value that has been adjusted based on a certain proportion or percentage of a whole.