In a Country with a Working-Age Population of 30 Million,18

question 67

Multiple Choice

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The labour force participation rate is

• A)73.3 percent.
• B)66.7 percent.
• C)60 percent.
• D)53.3 percent.
• E)none of the above.

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Definitions:

Theory

A systematic set of ideas intended to explain facts or phenomena, often based on principles independent of the things to be explained.

Least Advantaged

Those individuals or groups in society with the fewest resources, opportunities, and support, often marginalized in socio-economic terms.

Rawls

A philosopher known for his theory of justice as fairness, emphasizing the principles of equality and the distribution of resources to benefit the least advantaged in society.