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If 5 million workers are unemployed and 45 million workers are employed, then the unemployment rate is

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If 5 million workers are unemployed and 45 million workers are employed, then the unemployment rate is

Question 1.

If the labor force is 200 million and 4 million are unemployed then the employment rate is

▸ 4%.

▸ 6%.

▸ 96%.

▸ 98%.

Question 2.

If 5 million workers are unemployed and 45 million workers are employed, then the unemployment rate is

▸ 5%.

▸ 10%.

▸ 11.1%.

▸ 40%.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 78 times

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