Suppose There Are 200 Million Persons in the Population,120 Million

question 10

Multiple Choice

Suppose there are 200 million persons in the population,120 million persons in the civilian labor force,and 90 million persons are employed. The number of people unemployed is _______ million and the unemployment rate is ___________ percent.

• A) 30; 25
• B) 30; 33
• C) 30; 5
• D) 80; 40

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Definitions:

Manufacture Further

The process of conducting additional production activities intended to enhance the value or functionality of a product.

Incremental Cost

The additional cost associated with producing one more unit of a product or service.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and factory management salaries.

Process Further

The decision-making process regarding additional investments in products or processes beyond the initial production stage to increase value.