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Incorrect Question 1 A country has 100 million people, 80 million of whom are adult non-institutionalized civilians. Of the adult non-institutionalized civilians, 25 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 10 million are still looking for work. Of those who do have jobs, 10 million are working part time but would like to work full time, and the remaining 30 million are working full time. What is the unemployment rate in this country? 30% 12.5% 20% 10% Ⓒ25%

Incorrect Question 1 A country has 100 million people, 80 million of whom are adult non-institutionalized civilians. Of the adult non-institutionalized civilians, 25 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 10 million are still looking for work. Of those who do have jobs, 10 million are working part time but would like to work full time, and the remaining 30 million are working full time. What is the unemployment rate in this country? 30% 12.5% 20% 10% Ⓒ25%

Principles of Economics 2e
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 16RQ: Assess whether the following would be counted as unemployed in the Current Employment Statistics...
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Solution  part all a and b

Incorrect Question 2 Which of the following would be considered officially unemployed? O Tim, a 13-year-old high school student, who is looking for a part-time job as a janitor. O Denise, A part-time travel agent. O Mark, who was laid off from his job as a bricklayer 3 years ago and has since given up looking for work. None of the other answers are correct. Dennis, a stay-at-home dad who earned nearly $80,000 per year in his previous job.
Transcribed Image Text:Incorrect Question 2 Which of the following would be considered officially unemployed? O Tim, a 13-year-old high school student, who is looking for a part-time job as a janitor. O Denise, A part-time travel agent. O Mark, who was laid off from his job as a bricklayer 3 years ago and has since given up looking for work. None of the other answers are correct. Dennis, a stay-at-home dad who earned nearly $80,000 per year in his previous job.
Incorrect Question 1 A country has 100 million people, 80 million of whom are adult non-institutionalized civilians. Of the adult non-institutionalized civilians, 25 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 10 million are still looking for work. Of those who do have jobs, 10 million are working part time but would like to work full time, and the remaining 30 million are working full time. What is the unemployment rate in this country? O 30% O 12.5% O 20% O 10% 25%
Transcribed Image Text:Incorrect Question 1 A country has 100 million people, 80 million of whom are adult non-institutionalized civilians. Of the adult non-institutionalized civilians, 25 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 10 million are still looking for work. Of those who do have jobs, 10 million are working part time but would like to work full time, and the remaining 30 million are working full time. What is the unemployment rate in this country? O 30% O 12.5% O 20% O 10% 25%
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