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Suppose the Population of Timmy Town Is 1000 People and the Working-Age

Question 45

Multiple Choice

Suppose the population of Timmy Town is 1000 people and the working-age population is 800.If 200 of these people are unemployed,the unemployment rate in Timmy Town is


A) 2 percent.
B) 1/5 × 100.
C) 1/8 × 100.
D) 1/4 × 100.
E) There is not enough information provided to calculate the unemployment rate.

Correct Answer:

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