An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work, and 35,000 have given up looking for a job. Also, 28,000 people work part-time, and 151,000 people work full- time. This economy's unemployment rate is (Round the percentage to one decimal place; for example, 0.0436 is 4.4%.) a. 6.5%. b. 21.0%. c. 5.5%. d. 21.1%.
An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work, and 35,000 have given up looking for a job. Also, 28,000 people work part-time, and 151,000 people work full- time. This economy's unemployment rate is (Round the percentage to one decimal place; for example, 0.0436 is 4.4%.) a. 6.5%. b. 21.0%. c. 5.5%. d. 21.1%.
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
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Transcribed Image Text:An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work, and
35,000 have given up looking for a job. Also, 28,000 people work part-time, and 151,000 people work full-
time. This economy's unemployment rate is (Round the percentage to one decimal place; for example,
0.0436 is 4.4%.)
a. 6.5%.
b. 21.0%.
c. 5.5%.
d. 21.1%.
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