Table 71 -Refer to Table 7

question 156

Multiple Choice

Table 7.1
$$\begin{array}{l}\text { Table } 7.1\\\begin{array} { | c | c | c | c | c | c | } \hline { \text { Not in Labor Force } } & &{ \text { Unemployed } } && { \text { Employed } } \\\hline \text { Male } & \text { Female } & \text { Male } & \text { Female } & \text { Male } & \text { Female } \\\hline 10 \text { million } & 20 \text { million } & 2 \text { million } & 2 \text { million } & 30 \text { million } & 20 \text { million } \\\hline\end{array}\end{array}$$
-Refer to Table 7.1, which shows data for males and females over 16 years old in the island of Palma. What is the adult labor force?

• A) 4 million
• B) 32 million
• C) 50 million
• D) 54 million
• E) 84 million

---

Definitions:

CVP Analysis

Cost-Volume-Profit Analysis; a financial tool used to determine the impact on an organization's profits due to changes in volume, costs, and prices.

Fixed Cost Per Unit

The portion of fixed costs attributed to each unit of production, which stays constant regardless of the level of production or sales volume.

CVP Analysis

Cost-Volume-Profit Analysis; a management accounting tool that helps understand the relationship between costs, volume, and profit.

Inventory

Inventory consists of goods and materials held by a business for the purpose of resale or as part of the production process.