Exhibit 10-2 Assume the Following Information About a Country for the Following

question 18

Multiple Choice

Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million
​
-Refer to Exhibit 10-2. The number of people considered to be out of the labor force is:

• A)​200 million.
• B)​120 million.
• C)​170 million.
• D)​360 million.

---

Definitions:

Personal Income

The total amount of income earned by an individual from all sources, including employment, investments, and other forms of earnings.

Pre-tax Earnings

The amount of income earned before taxes have been deducted.

Bond Issue

The process by which a corporation or government raises funds by selling bonds to investors.

Debt Financing

Raising capital through the sale of bonds, bills, or notes to individuals or institutional investors, in exchange for lending money to the borrowing entity.