Table 20-1 Consider the Data Above for a Simple Economy

question 52

Multiple Choice

Table 20-1
Consider the data above for a simple economy.
-Refer to Table 20-1. The labor force participation rate for this simple economy equals

• A) (1,000/1,100) × 100.
• B) (1,000/15,000) × 100.
• C) (1,100/15,000) × 100.
• D) (1,100/20,000) × 100.

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Definitions:

Electron

A minute particle of matter charged with the smallest known amount of negative electricity; opposite of proton.

Negative Electricity

An outdated term historically used to describe what is now known as the flow of electrons, or electric current, particularly in the context of static electricity.

Proton

A subatomic particle found in the nucleus of an atom, carrying a positive electrical charge.

Implants

Medical devices inserted into the body to replace missing parts, support bodily functions, or deliver medication.