Suppose There Are 100 Working-Age People,80 of Whom Are in the Labor

question 126

Multiple Choice

Suppose there are 100 working-age people,80 of whom are in the labor force.Of these,70 are employed and 10 are unemployed.

• A)The unemployment rate is 10 percent.
• B)The employment/population ratio is 80 percent.
• C)The labor force participation rate is 80 percent.
• D)The unemployment rate is 14.3 percent.

---

Definitions:

Theoretical Construct

An abstract concept that is specifically designed for a scientific theory to explain a particular phenomenon.

Self-administer Insulin

The practice of patients with diabetes injecting insulin into their own bodies to manage blood glucose levels, typically requiring training and monitoring.

Feedback

The process of giving and receiving information about performance or behavior with the aim of improving the situation or adapting to it.