In a Country with a Working-Age Population of 100 Million

question 142

Multiple Choice

In a country with a working-age population of 100 million, 70 million workers are employed and 5 million workers are unemployed. What is the labor force participation rate?

• A) 70 percent
• B) 5 percent
• C) 75 percent
• D) 7 percent

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Definitions:

Administrative Law

The body of law that governs the creation and operation of administrative agencies, including the rules and regulations they enact.

Stare Decisis

A legal principle that dictates that courts should follow the precedents set in previous legal decisions.

Doctrine of Precedent

A legal principle whereby previous judicial decisions influence or control the ruling on similar future cases.

Substantive Law

The set of laws that governs the rights and duties of people within society, as opposed to procedural law which dictates how those rights and duties are enforced.