Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What is the standard unemployment rate? Instructions: Enter your response rounded to one decimal place. The standard unemployment rate is percent.

Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What is the standard unemployment rate? Instructions: Enter your response rounded to one decimal place. The standard unemployment rate is percent.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 2WNG

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Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What
is the standard unemployment rate?
Instructions: Enter your response rounded to one decimal place.
The standard unemployment rate is
| percent.

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