If the Number of Unemployed Workers Is 19 Million,the Number

question 194

Multiple Choice

If the number of unemployed workers is 19 million,the number in the working-age population is 500 million,and the unemployment rate is 4%,how many workers are in the labor force?

• A)1 million
• B)20 million
• C)475 million
• D)481 million

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Definitions:

Constraints

Limitations or restrictions that affect the planning, process, or outcome of an activity or system.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing between options.

Decision Criterion

The rules or standards used to choose among alternatives in decision-making processes.

Timeliness

The characteristic of occurring at a suitable or opportune time, particularly relevant in the context of information delivery and project completion.