Consider an economy made up of 100 people, 60 of whom old jobs, 10 of whom are looking for work, and 15 of whom are retired. The number counted as unemployed is:

Question

Quizplus · Accepted Answer

The number counted as unemployed includes only those people who are looking for work but are currently unemployed. Therefore, the answer is 10 (the number of people who are looking for work).

Consider an Economy Made Up of 100 People, 60 of Whom