-Refer to Exhibit 6-2.The unemployment rate in year 1 is
A) 12 1/2 percent.
B) 70 percent.
C) 87 1/2 percent.
D) 30 percent.
E) 10 percent.

Question

-Refer to Exhibit 6-2.The unemployment rate in year 1 is
A) 12 1/2 percent. 
B) 70 percent. 
C) 87 1/2 percent. 
D) 30 percent. 
E) 10 percent.

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100 to get a percentage. If the exhibit provided data showing that the number of unemployed individuals was a fraction of the labor force that equates to 12 1/2 percent, then option A is correct without needing the specific numbers from the exhibit.