Table 20-1 Consider the Data Above for a Simple Economy

question 52

Multiple Choice

Table 20-1
Consider the data above for a simple economy.
-Refer to Table 20-1. The labor force participation rate for this simple economy equals

• A) (1,000/1,100) × 100.
• B) (1,000/15,000) × 100.
• C) (1,100/15,000) × 100.
• D) (1,100/20,000) × 100.

---

Definitions:

College Instructors

Educators who teach students in post-secondary institutions, such as colleges and universities.

Management Textbook

A publication containing theories, practices, and case studies related to the management field.

Online Survey

A data collection tool where respondents answer questions over the internet for research or customer feedback purposes.

Questionnaire Data

Information collected from structured sets of questions designed to gather insights from respondents.