Refer to the Following Diagram Which Shows the Earnings Distribution

question 20

Multiple Choice

refer to the following diagram which shows the earnings distribution for a small hypothetical economy (all figures in thousands) .
-The number of persons with annual earnings between $30,000 and $50,000 is:

• A)7,000
• B)8,000
• C)14,000
• D)20,000

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Definitions:

Contract Workers

Individuals hired to perform specific tasks or projects for a limited period under a contract, rather than being permanent employees.

Full-time Employees

Employees who work a standard work week, typically defined by the employer, and often receive benefits such as health insurance.

Over-time

Additional hours worked beyond the standard workweek, typically compensated at a higher pay rate.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.