Mike Has Been Unemployed for Over a Year

question 1

Multiple Choice

Mike has been unemployed for over a year.He hasn't looked for a job in the last three months,but he's just started looking for work again.Because Mike started looking for a new job

• A)the unemployment rate increased.
• B)the labor force participation rate decreased.
• C)the unemployment rate decreased.
• D)the working-age population increased.

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Definitions:

National Distribution

refers to the marketing and transportation of goods across an entire country, ensuring product availability on a nation-wide scale.

Labour Rate Variance

The difference between the actual cost of labor and the expected cost, based on standard rates and actual hours worked.

National Distribution

The strategy of distributing products or services across an entire country, reaching various markets within it.

Direct Labour

The workforce directly engaged in producing goods or delivering services, distinct from indirect labor involved in supportive roles.