Number of adults15,000Number of adults who are paid employees8,000Number of adults who work in their own business200Number of adults who are unpaid workers in a family member's business800Number of adults who were temporarily absent from their jobs due to illness300Number of adults who were waiting to be recalled to a job from which they had been previously laid off100Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks900Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks400Number of adults who are full-time students1,600Number of adults who are homemakers or retirees2,500Refer to the table. What was Lazonia's unemployment rate in 2015?9.7%6%6.6%8.8%

The correct answer to the above-mentioned question is 9.7%.

Answered: Number of adults 15,000 Number of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Number of adults	15,000
Number of adults who are paid employees	8,000
Number of adults who work in their own business	200
Number of adults who are unpaid workers in a family member's business	800
Number of adults who were temporarily absent from their jobs due to illness	300
Number of adults who were waiting to be recalled to a job from which they had been previously laid off	100
Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks	900
Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks	400
Number of adults who are full-time students	1,600
Number of adults who are homemakers or retirees	2,500

Refer to the table. What was Lazonia's unemployment rate in 2015?

9.7%

6.6%

8.8%

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