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If the number of people employed is 150,000 and the labor force is 170,000, the unemployment rate is Select one: a. 6.25%. b. 11.76%. c. 6.55%. d. 2.5%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the number of people employed is 150,000 and the labor force is
170,000, the unemployment rate is
Select one:
a. 6.25%.
b. 11.76%.
c. 6.55%.
d. 2.5%

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Please provide accurate and correct answers to both questions without explanation. Thank you for your assistance.
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