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Retnec Retnec
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7 years ago
Suppose a nation's population is 100,000. It consists of 80,000 people over the age of 16, and 70,000 people over the age of 18. Last week, 60,000 of those people had jobs and 7,000 were actively seeking employment. What is the unemployment rate?
A) 7 percent
B) 8.75 percent
C) 10 percent
D) 10.4 percent
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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VilaVila
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Retnec Author
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#2
7 years ago
You have the correct answer! Smiling Face with Halo
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