-Refer to Exhibit 6-2.The unemployment rate in year 2 is
A) 75 percent.
B) 33 1/3 percent.
C) 50 percent.
D) 66 2/3 percent.
E) 25 percent.

Question

-Refer to Exhibit 6-2.The unemployment rate in year 2 is
A) 75 percent. 
B) 33 1/3 percent. 
C) 50 percent. 
D) 66 2/3 percent. 
E) 25 percent.

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force and then multiplying by 100 to get a percentage. In year 2, there are 100 individuals in the labor force (150 employed + 50 unemployed), making the unemployment rate (50 unemployed / 150 total labor force) * 100 = 33 1/3 percent.