If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is: a. 4% b. 7.5% c. 10% d. 67.5%
If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is: a. 4% b. 7.5% c. 10% d. 67.5%
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 32CTQ: If many workers become discouraged from looking for jobs, explain how the number of jobs could...
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25. If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is:
a. 4%
b. 7.5%
c. 10%
d. 67.5%
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