Nearly ____Of the Labor Force in Developing Countries Works in Agriculture

question 59

Multiple Choice

Nearly ____of the labor force in developing countries works in agriculture versus only about _____ in industrial market countries.

• A) 50 percent; 3 percent
• B) 6 percent; 4 percent
• C) 46 percent; 7 percent
• D) 12 percent; 2 percent
• E) 70 percent; 6 percent

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Definitions:

Annual Rate of Inflation

The percentage increase in the cost of goods and services over a one-year period.

Equivalent Annual Rate

The interest rate that is annualized using compounding over a given period, making it comparable across different compounding frequencies.

Rate of Production

The speed at which goods or services are produced, usually measured over a specific time period.

Plant Workers

Individuals employed in industrial or manufacturing settings, responsible for operating machinery and producing goods.