An economy has 1,050 employed, 150 unemployed, and 150 discouraged workers. The unemployment rate for the economy is _____ percent.

Name: An economy has 1,050 employed, 150 unemployed, and 150 discouraged workers. The unemployment rate for the economy is _____ percent.
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Question

Quizplus · Accepted Answer

The unemployment rate is calculated as (unemployed / (employed + unemployed)) * 100. Here, it is (150 / (1050 + 150)) * 100 = 10%. Discouraged workers are not included in the labor force.

An Economy Has 1,050 Employed, 150 Unemployed, and 150 Discouraged