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:

Cost of Goods Sold

The total cost associated with making or purchasing the products that a company sells during a period.

Ending Inventory

The worth of merchandise ready for sale at the conclusion of an accounting cycle, determined by adding beginning inventory to purchases and subtracting the cost of goods sold.

Days' Sales in Inventory

A financial ratio indicating the average time it takes for a company to turn its inventory into sales.

Cost of Goods Sold

The total cost of manufacturing or acquiring the products sold by a business during a particular period, including labor, materials, and overhead expenses.