If the Number of Employed People Equals 185 Million, the Number

question 53

Multiple Choice

If the number of employed people equals 185 million, the number of unemployed people equals 15 million, and the number of people in the population aged 16 and older equals 210 million, then:

• A)the unemployment rate equals 7.14% and the labor force participation rate equals 95.2%.
• B)the unemployment rate equals 7.23% and the labor force participation rate equals 85.7%.
• C)the unemployment rate equals 7.5% and the labor force participation rate equals 92.9%.
• D)the unemployment rate equals 7.7% and the labor force participation rate equals 92.9%.
• E)the unemployment rate equals 7.7% and the labor force participation rate equals 92.9%

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Definitions:

Insight

The ability to understand the inner nature of things or a deep understanding of a person or situation, often leading to a sudden clear solution after a period of confusion.

Learning Set

The ability to become more efficient in learning new tasks based on experiences gained from learning previous tasks.

Response Set

A tendency for a person to respond to questions or situations in a patterned way, often based on habit or bias rather than thoughtful consideration.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the effect of consequences on future behavior.