-Refer to Exhibit 6-2.The unemployment rate in year 3 is
A) 12 1/2 percent.
B) 33 1/3 percent.
C) 50 percent.
D) 66 2/3 percent.
E) 25 percent.

Name: -Refer to Exhibit 6-2.The unemployment rate in year 3 is A) 12 1/2 percent. B) 33 1/3 percent. C) 50 percent. D) 66 2/3 percent. E) 25 percent.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

-Refer to Exhibit 6-2.The unemployment rate in year 3 is
A) 12 1/2 percent. 
B) 33 1/3 percent. 
C) 50 percent. 
D) 66 2/3 percent. 
E) 25 percent.

Quizplus · Accepted Answer

The unemployment rate in year 3 is 12 1/2 percent. This is calculated by dividing the number of unemployed people in year 3 (600) by the total labor force in year 3 (4,800) and multiplying by 100.