Suppose there are 100 million people in the labour force, and 6 million unemployed people. During the next month, 200,000 people lose their jobs and 300,000 find jobs. The new total of employed persons is ________ and the new unemployment rate is ________.
A) 94.1 million; 5.9 per cent
B) 93.9 million; 6.1 per cent
C) 100.1 million; 5.8 per cent
D) 100 million; 6.1 per cent
Correct Answer:
Verified
Q41: An individual is structurally unemployed if
A)the individual
Q42: Using the official measure of unemployment, which
Q43: Suppose the economy is experiencing frictional unemployment
Q45: Which of the following pieces of information
Q47: Frictional unemployment is
A)unemployment associated with the changing
Q48: The Consumer Price Index is a measure
Q49: In an economy, 40 million people are
Q50: Structural unemployment is the result of
A)technological change
Q51: A recent accounting graduate from a major
Q101: Bob inherits a large sum of money
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