Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up looking for work, 50 are retired, and 30 are unemployed. What is the unemployment rate? (Give your answer in decimal form. For example: 15.2% in decimal form is: ol152.)
Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up looking for work, 50 are retired, and 30 are unemployed. What is the unemployment rate? (Give your answer in decimal form. For example: 15.2% in decimal form is: ol152.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given
up looking for work, 50 are retired, and 30 are unemployed. What is the unemployment
rate? (Give your answer in decimal form. For example: 15.2 % in decimal form is: ol152.)
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