In the United States in 1996, the population was 265.5 million and the working age population was 200.6 million. There were 133.9 million people in the labor force and 126.7 of them were employed. The unemployment rate equaled Select one: a. 7.2 percent b. 3.6 percent c. 5.4 percent d. 33 percent

In the United States in 1996, the population was 265.5 million and the working age population was 200.6 million. There were 133.9 million people in the labor force and 126.7 of them were employed. The unemployment rate equaled Select one: a. 7.2 percent b. 3.6 percent c. 5.4 percent d. 33 percent

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 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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Question

In the United States in 1996, the population was
265.5 million and the working age population was
200.6 million. There were 133.9 million people in
the labor force and 126.7 of them were employed.
The unemployment rate equaled
Select one:
a. 7.2 percent
b. 3.6 percent
c. 5.4 percent
d. 33 percent

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