If the Unemployment Rate Is 5

question 86

Multiple Choice

If the unemployment rate is 5.8% and the number of unemployed persons is 15 million,the number of people who are employed is approximately:

• A) 258 million.
• B) 243 million.
• C) 87 million.
• D) 870 million.
• E) 2.6 million.

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Definitions:

Economic Growth

An increase in a country's capacity to produce goods and services, compared from one period of time to another.

Workers

Individuals engaged in any form of employment or labor to produce goods or provide services.

Industrial Nation

A country with a significant portion of its economy based on manufacturing and industrial activities, often characterized by high levels of technology and infrastructure.

Labor Force Quality

A measure of the skills, education, and productivity of workers in an economy, which impacts economic output and growth.