Answered: A survey of 200,000 people finds 75,900…

A survey of 200,000 people finds 75,900 "employed," 5,440 "unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers?

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 27RQ: What is structural unemployment? Give examples of structural unemployment.

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Question

.A survey of 200,000 people finds 75,900
"employed," 5,440 "unemployed," and the
remaining 117,060 "not in the labor
force." What is the unemployment rate
derived from these numbers?

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