The table below provides hypothetical unemployment,employment,and labour force data for a small economy over a 3-month period.The unemployment rate on January 1 is 6%.
TABLE 30-1
-Refer to Table 30-1.What is the unemployment rate on February 1?

Question

The table below provides hypothetical unemployment,employment,and labour force data for a small economy over a 3-month period.The unemployment rate on January 1 is 6%.
  TABLE 30-1
-Refer to Table 30-1.What is the unemployment rate on February 1?

Quizplus · Accepted Answer

To calculate the unemployment rate for February 1, we need to divide the number of unemployed individuals by the total labor force, then multiply by 100. 
Unemployment rate on February 1 = (400 / (400 + 3,800)) x 100 
= (400 / 4,200) x 100 
= 9.52% 
Therefore, the correct answer is (C) 7.54%.

The Table Below Provides Hypothetical Unemployment,employment,and Labour Force Data for a Small