If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals: a)32%. b)25%. c)20%. d)8%.
If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals: a)32%. b)25%. c)20%. d)8%.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 3SQP
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If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the
a)
32%.
b)
25%.
c)
20%.
d)
8%.
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