1. Study the following figure of an economy Number of Persons Persons aged 15 or above s or 1,500,000 Labour force 1,000,000 Employed population 840,000 The unemployment rate of the economy is A. 10.7% B. 16% C. 56% D. 84% 2. Which of the following is a loss to the society resulting from unemployment? A. loss of income B. loss of skills of labour C. decrease in economy's output D. increase in unemployment benefit 3. Refer to the following data, calculate the unemployment rate of the Country A.

1. Study the following figure of an economy Number of Persons Persons aged 15 or above s or 1,500,000 Labour force 1,000,000 Employed population 840,000 The unemployment rate of the economy is A. 10.7% B. 16% C. 56% D. 84% 2. Which of the following is a loss to the society resulting from unemployment? A. loss of income B. loss of skills of labour C. decrease in economy's output D. increase in unemployment benefit 3. Refer to the following data, calculate the unemployment rate of the Country A.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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