In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems The unemployment rate in this economy is%. (Round your answer to one decimal place.)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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In an economy, the working-age population is 400 million. Of this total,
300 million workers are employed.
16 million workers are unemployed.
64 million workers are not available for work (homemakers, full-time students, etc.).
12 million workers are available for work but are discouraged and thus are not seeking work.
8 million workers are available for work but are not currently seeking work due to transportation or childcare problems.
The unemployment rate in this economy is%. (Round your answer to one decimal place)
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Transcribed Image Text:In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is%. (Round your answer to one decimal place) www
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