None Suppose the population (age 16 and over) of Madagascar is 200 million; 9million are unemployed, and 102 million hold jobs. Indicate the rate ofunemployment of Madagascar.O The unemployment rate is 4.5 percent.The unemployment rate is 7.5 percent.O The unemployment rate is 8.1 percent.O The unemployment rate is 8.8 percent.

Step 1: Identify the formula for unemployment rateunemployment rate = (number of unemployed…

Answered: Suppose the population (age 16 and…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 16P

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