Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is ________ and the participation rate is __________.   a)5%; 55%. b)8.3%; 55%. c)5%; 60%. d)8.3%; 60%.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is ________ and the participation rate is __________.

 

a)
5%; 55%.

b)
8.3%; 55%.

c)
5%; 60%.

d)
8.3%; 60%.

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