An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work, and 35,000 have given up looking for a job. Also, 28,000 people work part-time, and 151,000 people work full- time. This economy's unemployment rate is (Round the percentage to one decimal place; for example, 0.0436 is 4.4%.) a. 6.5%. b. 21.0%. c. 5.5%. d. 21.1%.

An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work, and 35,000 have given up looking for a job. Also, 28,000 people work part-time, and 151,000 people work full- time. This economy's unemployment rate is (Round the percentage to one decimal place; for example, 0.0436 is 4.4%.) a. 6.5%. b. 21.0%. c. 5.5%. d. 21.1%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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