Use the following to answer questions:
-(Table: Unemployment and Employment Data)Use Table: Unemployment and Employment Data.If marginally attached workers are included in the labour force and in the unemployment rate,the unemployment rate in this economy is _____%.
A) 8.4
B) 7.8
C) 5
D) 3

Question

Use the following to answer questions: 
-(Table: Unemployment and Employment Data)Use Table: Unemployment and Employment Data.If marginally attached workers are included in the labour force and in the unemployment rate,the unemployment rate in this economy is _____%.
A) 8.4 
B) 7.8 
C) 5 
D) 3

Quizplus · Accepted Answer

The unemployment rate in the economy currently excluding marginally attached workers is 6.2%
Adding marginally attached workers to the labour force and the unemployment rate calculation, we get:
(8.4+2.2)/(155.8+0.9)*100 = 7.8%
Therefore, the correct answer is B.

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