If the Number Employed Is 11 Million,the Number Unemployed Is

question 132

Multiple Choice

If the number employed is 11 million,the number unemployed is 0.6 million,and the working-age population is 16 million,then the labour force participation rate is:

• A) 65.0 per cent.
• B) 72.5 per cent.
• C) 68.75 per cent.
• D) 71.4 per cent.

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Definitions:

Bid

An offer of a price by a buyer to a seller for goods, services, or financial assets.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Reservation Price

The highest price a person is prepared to spend on a product or service.