Econland's population of 260,000 includes 60,000 children below age 16, 40,000 retirees, 5,000 discouraged workers, 30,000 full-time homemakers, 110,000 employed persons, and 10,000 unemployed persons. What is the unemployment rate of Econland? Round to the nearest whole percentage.
A) 8%
B) 5%
C) 4%
D) 9%
Correct Answer:
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Q1: How is unemployment depicted on a production
Q2: Which of the following is NOT a
Q3: The labor force consists of:
A) all persons
Q4: Jonia's population of 500,000 includes 95,000 children
Q5: Jonia's population of 500,000 includes 95,000 children
Q7: Econland's population of 260,000 includes 60,000 children
Q8: Which one of the following people would
Q9: In order to be classified as unemployed,
Q10: Econia has a population of 1 million.
Q11: Econia has a population of 1 million.
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