The town of Marble Falls has 10 workers, of which 8 are employed and 2 are actively seeking work. The unemployment rate in Marble Falls is

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100. In Marble Falls, 2 out of 10 workers are seeking work, so the unemployment rate is (2/10) * 100 = 20%.

The Town of Marble Falls Has 10 Workers, of Which