Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What is the unemployment rate, rounded to the closest tenth of a percent?

Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What is the unemployment rate, rounded to the closest tenth of a percent?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in
the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What
is the unemployment rate, rounded to the closest tenth of a percent?
3.8%
9.0%
28.7%
5.2%
4.8%

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