If Jupiter has a population of 300,000 people, a labor force of 250,000 people, and 220,000 are employed, what is the unemployment rate?Hint: Find the employment rate. How is it related to the unemployment rate? Question 8Answer a. 16% b. 10% c. 14% d. 12%
If Jupiter has a population of 300,000 people, a labor force of 250,000 people, and 220,000 are employed, what is the unemployment rate?Hint: Find the employment rate. How is it related to the unemployment rate? Question 8Answer a. 16% b. 10% c. 14% d. 12%
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
Related questions
Question
If Jupiter has a population of 300,000 people, a labor force of 250,000 people, and 220,000 are employed, what is the unemployment rate?
Hint: Find the employment rate. How is it related to the unemployment rate?
Hint: Find the employment rate. How is it related to the unemployment rate?
Question 8Answer
a.
16%
b.
10%
c.
14%
d.
12%
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