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

question 151

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. From the data provided, the labor force participation rate is approximately ____ percent.

• A)​69.6
• B)​64.3
• C)​92.3
• D)​5.4

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Definitions:

Property Ownership

The legal right or title that an individual or entity has over property, including the right to use, sell, lease or transfer it.

Involuntary Bailee

An individual or entity that unintentionally finds themselves in possession of someone else's property and is responsible for its care.

Destroy

To cause something to cease to exist or to put an end to something by damaging it beyond repair or recovery.

Third-party Claimant

An individual or entity that claims rights or seeks remedies under a contract to which they are not a direct party.