these multiple choice Questions from MACROECONOMICS Course.I need the final answer,please. 14Use the following dataTotal population, 500;Under 16 years of age or institutionalized:100Not in labor force: 120Unemployed:150Employed: 130calculate the official unemployment rate:a. 43.57%O b. 53.57%O c. 10.10%O d. 33.68%

Unemployment rate is given as UR= ( Number of unemployed/ Labor force)*100 Labour force consists of…

Answered: Under 16 years of age or…

Under 16 years of age or institutionalized:100 Not in labor force: 120 Unemployed:150 Employed: 130 calculate the official unemployment rate: O a. 43.57% O b. 53.57% c. 10.10% O d. 33.68%

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 26RQ: What is frictional unemployment? Give examples of frictional unemployment.

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these multiple choice Questions from MACROECONOMICS Course.
I need the final answer,please.

14
Use the following data
Total population, 500;
Under 16 years of age or institutionalized:100
Not in labor force: 120
Unemployed:150
Employed: 130
calculate the official unemployment rate:
a. 43.57%
O b. 53.57%
O c. 10.10%
O d. 33.68%

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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