Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen have been able to find only part-time jobs. John, Peter, and Luna just had to close their coffee shop; and John and Peter are looking for a new business venture. Luna has inherited a large sum of money and feels that she does need to work anymore. Her sister Sara feels the same way. Four people in Country X are living in care facilities. Ten people are full-time students, and two of them currently are hoping to find a job. All other people are retirees or under the age of 16.
-Refer to the scenario above.The unemployment rate in Country X indicates that ________.

Question

Quizplus · Accepted Answer

The scenario describes the different employment situations in Country X, including full-time workers, part-time workers, entrepreneurs, retirees, students, and individuals living in care facilities. Only Tara and Jen are currently unemployed. Therefore, the unemployment rate in Country X is low, indicating a well-functioning economy where most people are able to find employment.

Scenario: 100 People Live in Country X, and 60 of These