Table 28-6
the Table Below Lists the Number of People

question 329

Short Answer

Table 28-6
The table below lists the number of people by labor force classification for the country of Shelbyville.
$$\begin{array} { | l | l | } \hline \text { Employed } & 80 \text { million } \\\hline \text { Unemployed } & 20 \text { million } \\\hline \text { Not in the Labor Force } & 60 \text { million } \\\hline\end{array}$$
-Refer to Table 28-6. What is the unemployment rate?

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Definitions:

Perceived Equity

An individual’s perception of the fairness of their treatment compared to others, often in relation to pay or rewards.

Distributive Justice

The perceived fairness in the distribution of resources and rewards within an organization or society.

Procedural Justice

The fairness of the processes used to make decisions, often focused on in organizational settings to ensure fairness in managerial actions.

Psychological Contract

An unwritten agreement between an employer and an employee that outlines mutual expectations, including job security, loyalty, and commitment.