The Bureau of Labor Statistics Reported in 2005 That There

question 314

Multiple Choice

The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25 who had at least a bachelor's degree, 40.59 million of whom were employed and 0.98 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

• A) 76.3% and 1.8%
• B) 76.3% and 2.4%
• C) 78.1% and 1.8%
• D) 78.1% and 2.4%

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Definitions:

Inventory Carrying Costs

Expenses associated with storing unsold goods, including warehousing, insurance, taxes, depreciation, and opportunity costs.

Complexity

The quality or state of having multiple parts interconnected or interwoven in a manner that makes a system or problem difficult to understand, predict, or navigate.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, particularly evident in international trade and cultural exchange.