Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: Question options: a) employed in the underground economy. b) underemployed. c) unemployed. d) out of the labor force. 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: Question options: a) 32%. b) 25%. c) 20%. d) 8%.
Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: Question options: a) employed in the underground economy. b) underemployed. c) unemployed. d) out of the labor force. 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: Question options: a) 32%. b) 25%. c) 20%. d) 8%.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 6WNG
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Question
Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered:
Question options:
a) employed in the underground economy.
b) underemployed.
c) unemployed.
d) out of the labor force.
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
Question options:
a) 32%.
b) 25%.
c) 20%.
d) 8%.
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