The population is 1,200 million, the labor force is 150 million, and the number of unemployed is 15 million. What is the unemployment rate?
A) 7.5 percent
B) 4.3 percent
C) 10 percent
D) 5 percent
Correct Answer:
Verified
Q33: Which of the following can cause official
Q35: The number of people that are fired
Q41: One major reason that economists are concerned
Q42: Who is considered officially unemployed?
A)Six months after
Q48: The labor force participation rate includes
A) only
Q50: If the duration of unemployment in a
Q51: To be considered officially unemployed, a person
Q54: Which of the following people would be
Q55: The unemployment rate will rise when
A) people
Q56: To be officially counted as unemployed, a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents