If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 400,000, what is the unemployment rate? Select one: a. 2.0% b. 9.2% C. 4.8% 9 d. 5.0%
If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 400,000, what is the unemployment rate? Select one: a. 2.0% b. 9.2% C. 4.8% 9 d. 5.0%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If the number of people classified as unemployed is 20,000 and the
number of people classified as employed is 400,000, what is the
unemployment rate?
Select one:
a. 2.0%
b. 9.2%
C. 4.8%
d. 5.0%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2b222f0c-23ce-4aa8-9fe0-cd74838aed27%2F6b6607b5-b4c0-496a-ad20-a13b88b9fb90%2F55o0dj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If the number of people classified as unemployed is 20,000 and the
number of people classified as employed is 400,000, what is the
unemployment rate?
Select one:
a. 2.0%
b. 9.2%
C. 4.8%
d. 5.0%
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