In a Country with a Working-Age Population of 30 Million

question 63

Multiple Choice

In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. The employment-to-population ratio is

• A)73.3 percent.
• B)66.7 percent.
• C)60 percent.
• D)53.3 percent.
• E)18 percent.

---

Definitions:

Relevant Range

The range of activity within which the assumptions about fixed and variable costs are valid for the purposes of cost behavior analysis and budgeting.

Activity Levels

Various measures of activity within a company, such as production volume or sales, that can influence costs and operational performance.

Per Unit Costs

Refers to the cost associated with producing or acquiring a single unit of product or service, inclusive of all variable and allocated fixed costs.

Lease Agreement

A contract stipulating the terms under which one party agrees to rent property owned by another party.