Suppose U = the Number of Adults Who Are Unemployed

question 11

Multiple Choice

Suppose U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults NOT in the labour force.Which expression would equal the labour force participation rate?  

• A) E/(U + E) 
• B) U/(U + E + NLF) 
• C) E/(U + E + NLF) 
• D) (U + E)/(U + E + NLF)

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Definitions:

Production

The process of creating, manufacturing, or producing goods and services.

Quality Standards

Specific criteria set to ensure products, services, or processes meet both customer expectations and regulatory requirements.

Operations Management

The area of management concerned with designing, overseeing, and controlling the process of production and redesigning business operations in the production of goods or services.

Scientific Method

A systematic process for experimentation that is used to explore observations and answer questions.