The Following Table Contains Statistics for the Country of Gregorville

question 182

Multiple Choice

The following table contains statistics for the country of Gregorville in 2017, a country in which all must either attend school, be available for work, or be retired.

-Refer to the table above.What is the labor force participation if 5,000 of those actively looking for a job find one?

• A) 51.4 percent
• B) 44.3 percent
• C) 54.3 percent
• D) Not enough information provided

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Definitions:

Unemployment Rate

The tally of unemployed workers in the labor force who are in the process of actively looking for jobs.

Economy

A system of production, distribution, and consumption of goods and services within a certain area or country, guided by laws, regulations, and cultural customs.

Employment

The condition of having paid work or the number of people currently hired to perform tasks in various sectors.

Point H

Similar to Point P, Point H likely refers to a specific position on a graph, chart, or mathematical diagram, indicating a particular data point or condition.