In a Country with 20 Million People Aged 15 Years

question 46

Multiple Choice

In a country with 20 million people aged 15 years and older,12 million in the labour force,and 11.4 million employed,what is the unemployment rate?

• A) 3%.
• B) 4%.
• C) 5%.
• D) 6%.
• E) 7%.

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Definitions:

Production Material Needs

The quantity and type of materials required to meet production goals.

Budgeted Purchases

The anticipated expenditures on goods and materials a company plans to buy for a specific period.

Finished Goods Inventory

The completed products that are ready for sale but have not been sold yet.

Yarn

A long continuous length of interlocked fibers used in the production of textiles, knitting, crocheting, sewing, and weaving.