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Suppose the workingminus−age population of a fictional economy falls into the following​ categories: 90 are retired or​ homemakers; 60 have fullminus−time ​employment; 20 have partminus−time ​employment; 20 do not have​ employment, but are actively looking for​ employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal   A. 30/80×100.   B. 20/80×100. C.  20/100×100. D. 20/60×100.

Suppose the workingminus−age population of a fictional economy falls into the following​ categories: 90 are retired or​ homemakers; 60 have fullminus−time ​employment; 20 have partminus−time ​employment; 20 do not have​ employment, but are actively looking for​ employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal   A. 30/80×100.   B. 20/80×100. C.  20/100×100. D. 20/60×100.

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 7P
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Suppose the
workingminus−age
population of a fictional economy falls into the following​ categories: 90 are retired or​ homemakers; 60 have
fullminus−time
​employment; 20 have
partminus−time
​employment; 20 do not have​ employment, but are actively looking for​ employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal
 
A.
30/80×100.
 
B.
20/80×100.
C. 
20/100×100.
D.
20/60×100.
 

 

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