If the Population of a Country Is 1,000,000 People,its Labor

question 56

Multiple Choice

If the population of a country is 1,000,000 people,its labor force consists of 500,000,and 40,000 people are unemployed,the unemployment rate is:

• A) 50.0 percent.
• B) 8.0 percent.
• C) 7.4 percent.
• D) 4.0 percent

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Definitions:

Common Sense

Sound practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner shared by nearly all people.

Human Relations

The study and management of interactions and relationships between people, especially in the workplace.

Human Relations

The study and management of how individuals interact within groups, often with a focus on improving workplace atmosphere and productivity.

Mary Parker Follett

A pioneering theorist in organizational theory and behavior, emphasizing the importance of management through people and negotiation.