Suppose that the number of non-institutional civilian (working age) population is 150 million. Of those, 20 million are neither working nor looking for jobs. If the number of people employed is 100 million, what is the unemployment rate?

Macroeconomics
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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 number of non-institutional civilian (working age) population is 150 million. Of those, 20 million are neither working nor looking for jobs. If the number of people employed is 100 million, what is the unemployment rate?
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