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Sublight2097 Sublight2097
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9 years ago
The Illyrian economy has 1000 people in the labor force. 100 people don't have jobs but are searching for work, another 100 people would like to have jobs but quit searching because of poor job prospects, and another 100 people don't work and don't want to work. What's the rate of unemployment?
A) 10 percent
B) 20 percent
C) 30 percent
D) 100 percent
E) None of the above.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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9 years ago
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Sublight2097 Author
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#2
9 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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