In a country with a working-age population of 130 million, 90 million workers are employed and 10 million workers are unemployed. What is the unemployment rate?
A) 5.0 percent
B) 7.1 percent
C) 7.7 percent
D) 10.0 percent
Correct Answer:
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Q118: A discouraged worker _ counted as officially
Q119: An individual who has stopped looking for
Q120: In September 2014, 32 percent of unemployed
Q121: The three types of unemployment are
A) voluntary,
Q122: Frictional unemployment
A) includes discouraged workers.
B) is voluntary
Q124: Frictional unemployment is
A) unemployment associated with business
Q125: Unemployment caused by the normal labor turnover
Q126: Frictional unemployment increases when
A) real GDP decreases
Q127: This type of unemployment reflects the normal
Q128: Suppose the country of Tiny Town experienced
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