Employment Status of the Working Age Population

question 80

Multiple Choice

Employment status of the working age population
of Metropolis is approximately:
Table 12.1
-Given the data in Table 12.1, the unemployment rate of Metropolis is approximately

• A) 6 percent.
• B) 9 percent.
• C) 12 percent.
• D) 22 percent.

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Definitions:

Noncompulsory Distributions

Financial or resource allocations made by an organization or government that are not mandated by law or regulation, often discretionary in nature.

Demand Heterogeneity

Describes the variation in consumers' preferences and needs, which can influence the market strategy of businesses.

Government Failure

Occurs when government intervention in the economy causes inefficiencies or leads to an allocation of resources that does not maximize societal welfare.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.