Data for an Economy Shows That the Unemployment Rate Is

question 47

Multiple Choice

Data for an economy shows that the unemployment rate is 10%, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force.How many people are in the working-age population in this economy?

• A)250 million
• B)800 million
• C)1.0 billion
• D)1.6 billion

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Definitions:

Empowerment

The process of granting individuals or groups the autonomy, resources, and capability to make decisions and carry out actions in their roles.

Responsive

Being quick to react or respond positively or effectively to suggestions, requests, or changes.

Company's Needs

The requirements or demands of a business that must be met to achieve its objectives, including resources, workforce skills, and infrastructure.

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work.