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In September there are 10,000 people classified as unemployed and the size of the labor force is 400,000. The only change between September and October is that 4,000 of the unemployed give up looking for work. Which of the following is true?
A) In September the unemployment rate was 5% and in October the unemployment rate was 4%.
B) In September the unemployment rate was 4% and in October the unemployment rate was 1%.
C) In September the unemployment rate was 1.75% and in October the unemployment rate was 0.75%.
D) In September the unemployment rate was 2.5% and in October the unemployment rate was 1.5%.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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8 years ago
Thanks for answering Slight Smile
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