In a country with 20 million people aged 15 years and older, 12 million in the labour force, and 11.4 million employed, what is the unemployment rate?
A) three per cent
B) four per cent
C) five per cent
D) six per cent
Correct Answer:
Verified
Q8: Which of the following is the correct
Q9: Cyclical unemployment refers to:
A)year-to-year fluctuations of unemployment
Q10: Efficiency wages are:
A)one explanation for the natural
Q11: Firms may find it profitable to pay
Q12: Frictional unemployment may be economically beneficial if
Q14: Students are regarded as employed in studies
Q15: Structural unemployment is associated with general downturns
Q16: The labour-force participation rate:
A)equals one minus the
Q17: Surplus labour in the market creates pressure
Q18: If the minimum wage is set above
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