Suppose a country has 1 billion people.75 percent of its citizens are in the labor force,with 90 million unemployed.Full employment occurs at 2 percent.Based on this information,what is the unemployment rate?
A) 12.0 percent.
B) 25.0 percent.
C) 9.0 percent.
D) 8.3 percent.
Correct Answer:
Verified
Q19: As of 2010,approximately what percentage of the
Q20: For the labor force to definitely increase,
A)There
Q21: If the population of a country is
Q22: The proportion of the labor force that
Q23: Suppose that in a population of 50
Q25: Those that work part-time and do not
Q26: Based on Table 6.2,what was the
Q27: What was the labor force participation
Q28: What was the unemployment rate in
Q29: The macro consequence of unemployment is
A)Lost output
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents