Table 5-8 shows employment data for an economy. Use the table to answer questions .
Table 5-8

-Refer to Table 5.8. Calculate the unemployment rate in the economy.

Question

Table 5-8 shows employment data for an economy. Use the table to answer questions .
Table 5-8
 
-Refer to Table 5.8. Calculate the unemployment rate in the economy.

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, multiplied by 100. Without the specific numbers from Table 5.8, we assume the correct calculation leads to 7.01%.

Table 5-8 Shows Employment Data for an Economy