Data for an Economy Show That the Unemployment Rate Is

question 154

Multiple Choice

Data for an economy show that the unemployment rate is 10%,the participation rate is 80%,and 200 million people 15 years or older are not in the labour force.How many people are in the working-age population in this economy?

• A) 200 million.
• B) 800 million.
• C) 1,000 million.
• D) 1,600 million.
• E) 1,800 million.

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Definitions:

Organizational Behaviour

The study of how individuals and groups act within the contexts of organizations, aiming to understand and improve workplace dynamics.

Organizational Behaviour

The study of human behavior in organizational settings, focusing on individual, group, and organizational dynamics.

Management Intuition

The use of personal instincts, feelings, and experiences by managers to make decisions, often in the absence of explicit data.

Evidence-Based Management

The practice of making managerial decisions and organizational policies based on the best available evidence from scientific research and business data.