Answered: 9. If 4 million people are unemployed…

9. If 4 million people are unemployed in a county, and the size of the labor force is 25 million people, what is the unemployment rate?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 9RQ: How do you calculate the unemployment rate? How do you calculate the labor force participation rate?

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9. If 4 million people are unemployed in a county, and the size of the labor force is 25 million
people, what is the unemployment rate?

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