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Answer the following question based on the information given below.
Factory Sector by Type of Ownership.
All figures in the table are in percent of the total for the corresponding column.

Sector Factories Employment Fixed Capital Gross Output Value Added
Public 7 27.7 43.2 25.8 30.8
Central Govt. 1 10.5 17.5 12.7 14.1
State/local Govt. 5.2 16.2 24.3 11.6 14.9
Central & State/local Govt. 0.8 1 1.4 1.5 1.8
Joint 1.8 5.1 6.8 8.4 8.1
Wholly private 90.3 64.6 46.8 63.8 58.7
Others 0.9 2.6 3.2 2 2.4
Total 100 100 100 100 100

Suppose the average employment level is $60$ per factory. The average employment in “wholly private” factories is approximately

  1. $43$
  2. $47$
  3. $50$
  4. $54$
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Let there be $100$ factories in total.
Since there are $60$ workers / factory, so total workers = $60*100 = 6000$

Out of which $64.6\%$ of workers work in “Wholly private” factories i.e. $6000*0.646 = 3876$ workers

Now “Wholly private” have 90.3 factories,
So $\#$workers/factory = $\frac{3876}{90.3} = 42.92 \approx 43$ workers.
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