In 2004,based on Concepts Similar to Those Used to Estimate

question 355

Multiple Choice

In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Italian adult non-institutionalized population was 45.020 million,the labor force was 24.065 million,and the number of people employed was 22.105 million.According to these numbers,the Italian labor-force participation rate and unemployment rate were about

• A) 49.1% and 4.4%.
• B) 49.1% and 8.1%.
• C) 53.5% and 4.4%.
• D) 53.5% and 8.1%.

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Definitions:

Administrative Burden

The costs and effort associated with compliance to regulations, paperwork, and procedural necessities in organizations or governmental bodies.

Tax Laws

Regulations established by governmental authorities dictating how taxes are to be computed, collected, and managed.

Compliance Costs

Expenses incurred by businesses or organizations in order to adhere to laws, regulations, and guidelines.

U.S. Income Tax

A tax imposed by the U.S. government on the income earned by individuals, corporations, trusts, and other legal entities.