If the population of a country is 600,000 people, it's labor force consists of 400,000, and 20,000 people are unemployed, what is the unemployment rate? A) 30% B) 66% C) 5% D) None of the above
If the population of a country is 600,000 people, it's labor force consists of 400,000, and 20,000 people are unemployed, what is the unemployment rate? A) 30% B) 66% C) 5% D) None of the above
Chapter6: Business Cycles And Unemployment
Section: Chapter Questions
Problem 10SQ
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If the population of a country is 600,000 people, it's labor force consists of 400,000, and 20,000 people are unemployed, what is the
A) 30%
B) 66%
C) 5%
D) None of the above
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