If the Number Employed Is 12 Million, the Working-Age Population

question 109

Multiple Choice

If the number employed is 12 million, the working-age population is 16 million, and the number unemployed is 0.7 million, then the unemployment rate is:

• A)5.51%.
• B)5.17%.
• C)3.75%.
• D)12%.

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Definitions:

Inverse Relationship

Describes a relationship between two variables in which one variable increases as the other decreases, and vice versa.

Interaction Effect

effect of one independent variable on the dependent variable at the different levels of another independent variable.

Main Effect

Effect of an independent variable on the dependent variable within a factorial research design.

Simple Effect

Effect of one independent variable at one of the levels of another independent variable.