An Economy's Current GDP Is $100 Billion, the Labour Force

question 60

Multiple Choice

An economy's current GDP is $100 billion, the labour force is composed of 2.2 million people, and 2 million people are employed. What is this economy's labour utilization rate?

• A)0.91
• B)0.2
• C)0.45
• D)4.4
• E)0.22

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Definitions:

Individual's Behavior

Actions or reactions of a person in response to external or internal stimuli.

Lab Observations

The process of watching subjects in a controlled environment to gather data, often used in experimental studies.

Person-Situation Interaction

The theoretical analysis of how people behave in different situations and how personal characteristics interact with situational factors to influence behavior.

People Change

Refers to the concept that individuals have the capacity to alter their behaviors, beliefs, or personality traits over time due to various influences such as experiences, education, or therapy.