Answered: What is the unemployment rate if there…

What is the unemployment rate if there are 150 million people employed, 25 million people unemployed, and 25 million not in the labor force? a. 14.3% b. 13.4% C. 12.5% d. 25.0%

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 13RQ: What happens to the labor force participation rate when employed individuals are reclassified as...

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Question

9. What is the unemployment rate if there are 150 million people employed, 25 million
people unemployed, and 25 million not in the labor force?
a. 14.3%
b. 13.4%
C. 12.5%
d. 25.0%

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