In 2009, Based on Concepts Similar to Those Used to Estimate

question 467

Multiple Choice

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non- institutionalized population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about

• A) 64.6% and 8.2%.
• B) 64.6% and 5.3%.
• C) 59.3% and 8.2%.
• D) 59.3% and 5.3%.

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Definitions:

Privately Owned

Describes businesses or assets owned by individuals or non-governmental entities, as opposed to being publicly traded or government-owned.

Publicly Owned

Refers to entities or businesses that are owned by the government or the public through publicly traded shares.

Inventory Costs

Expenses associated with holding and managing inventory, including storage, insurance, and loss of goods.

Equipment Costs

These are the expenses associated with purchasing or leasing machinery, tools, or other equipment required for the operation of a business or research activity.