Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What is the unemployment rate, rounded to the closest tenth of a percent?

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in
the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What
is the unemployment rate, rounded to the closest tenth of a percent?
3.8%
9.0%
28.7%
5.2%
4.8%
Transcribed Image Text:Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What is the unemployment rate, rounded to the closest tenth of a percent? 3.8% 9.0% 28.7% 5.2% 4.8%
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