In a Country with a Working- Age Population of 20

question 107

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 labour force participation rate is

• A)62.5 percent.
• B)70 percent.
• C)15.5 percent.
• D)72.5 percent.
• E)77.5 percent.

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Definitions:

Oligopolies

Markets dominated by a small number of large firms, leading to limited competition.

Merger Waves

Periods of increased activity and volume in mergers and acquisitions across various industries, typically linked to economic, regulatory, or technological changes.

Major Industries

The leading sectors of an economy, characterized by their significant impact on employment, innovation, and overall economic growth.

Junk Bond Market

The junk bond market refers to the segment of the bond market that deals with high-yield, high-risk bonds with lower credit ratings than investment-grade.