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If the unemployment rate is 6.1% and the number of people employed is 400,000, the labor force is ...

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If the unemployment rate is 6.1% and the number of people employed is 400,000, the labor force is ...

Question 1.

If the unemployment rate is 7% and the number of people employed is 300,000, total number of people unemployed is approximately

▸ 21,000 people.

▸ 22,580 people.

▸ 23,330 people.

▸ 42,050 people.

Question 2.

If the unemployment rate is 6.1% and the number of people employed is 400,000, the labor force is approximately

▸ 402,500 people.

▸ 426,000 people.

▸ 431,000 people.

▸ 464,500 people.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 68 times

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Gparker

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