In September there are 10,000 people classified as unemployed and the size of the labor force is 400,000. The only change between September and October is that 4,000 of the unemployed give up looking for work. Which of the following is true? Group of answer choices In September the unemployment rate was 5% and in October the unemployment rate was 4%. In September the unemployment rate was 2.5% and in October the unemployment rate was 1.5%. In September the unemployment rate was 1.75% and in October the unemployment rate was 0.75%. In September the unemployment rate was 4% and in October the unemployment rate was 1%.
In September there are 10,000 people classified as unemployed and the size of the labor force is 400,000. The only change between September and October is that 4,000 of the unemployed give up looking for work. Which of the following is true? Group of answer choices In September the unemployment rate was 5% and in October the unemployment rate was 4%. In September the unemployment rate was 2.5% and in October the unemployment rate was 1.5%. In September the unemployment rate was 1.75% and in October the unemployment rate was 0.75%. In September the unemployment rate was 4% and in October the unemployment rate was 1%.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter1: The Art And Science Of Economic Analysis
Section1.A: Appendix: Understanding Graphs
Problem 1AQ
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In September there are 10,000 people classified as unemployed and the size of the labor force is 400,000. The only change between September and October is that 4,000 of the unemployed give up looking for work. Which of the following is true?
Group of answer choices
In September the unemployment rate was 5% and in October the unemployment rate was 4%.
In September the unemployment rate was 2.5% and in October the unemployment rate was 1.5%.
In September the unemployment rate was 1.75% and in October the unemployment rate was 0.75%.
In September the unemployment rate was 4% and in October the unemployment rate was 1%.
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