Suppose the Labor Force in Tiny Town Is 100 People

question 146

Multiple Choice

Suppose the labor force in Tiny Town is 100 people. If the ________ in Tiny Town is 150 people, the labor force participation rate equals ________ multiplied by 100.

• A) working age population; 100/150
• B) working age population; 100/250
• C) number of employed persons; 100/250
• D) number of employed persons; 100/150

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Definitions:

Crams

An intense period of study or work, typically undertaken to meet a tight deadline or prepare for an examination.

Consciously Activated

Processes or actions that are initiated or controlled by an individual's conscious awareness and deliberate thought.

Limited-Capacity Memory

A concept in cognitive psychology that suggests human memory has a finite capacity for storing and processing information.

Short-Term

Referring to a limited period of time, often contrasting with long-term or permanent scenarios.