A country has a non-institutionalized civilian adult population of 263 million. Out of that number:.85 million are students, homemakers, retirees, etc.• 11 million are discouraged workers.• 122 million are employed full-time.• 30 million are employed part-time.• 15 million are out of work and actively looking for work.What is the unemployment rate? Round to one decimal place.%

The unemployment rate is a key economic indicator that measures the percentage of the labor force…

Answered: A country has a non-institutionalized…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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