Suppose the Population (Age 16 and Over) of Columbia Is

question 138

Multiple Choice

Suppose the population (age 16 and over) of Columbia is 40 million; 2 million are unemployed, and 23 million hold jobs. What are the rates of unemployment and labor force participation of Columbia?

• A) Unemployment is 8 percent, and labor force participation is 62.5 percent.
• B) Unemployment is 8.7 percent, and labor force participation is 92 percent.
• C) Unemployment is 8.7 percent, and labor force participation is 62.5 percent.
• D) Unemployment is 5 percent, and labor force participation is 57.5 percent.

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Definitions:

Structured Practice

A methodical approach to training or learning in which tasks and procedures are deliberately planned to improve performance.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Organizational Behavior

The study of how people interact within groups in a workplace setting, focusing on understanding, prediction, and control of human behavior in organizations.

Psychosocial

Pertaining to the interrelation of social factors and individual thought and behavior.