If the Number Employed Is 190 Million,the Working-Age Population Is

question 121

Multiple Choice

If the number employed is 190 million,the working-age population is 230 million,and the number unemployed is 10 million,then the unemployment rate is

• A)5%.
• B)5.2%.
• C)8%.
• D)10%.
• E)50%.

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Definitions:

Labour Market

The supply and demand dynamics for employment, where employers seek to hire workers and workers seek jobs, influenced by factors like economy, regulation, and technology.

Key Jobs

Positions within an organization that are considered crucial for operational success, often because they involve significant responsibility or specialized skills.

Labour Market

The supply and demand for labor, where employers seek to hire workers and workers seek to find jobs.

Relative Worth

The value or importance of a job in comparison to other jobs within an organization, often determined for the purpose of establishing fair compensation levels.