Suppose the population (age 16 and over) of Madagascar is 200 million; 9 million are unemployed, and 102 million hold jobs. Indicate the rate of unemployment 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.

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
icon
Related questions
Question
None
Suppose the population (age 16 and over) of Madagascar is 200 million; 9
million are unemployed, and 102 million hold jobs. Indicate the rate of
unemployment 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.
Transcribed Image Text:Suppose the population (age 16 and over) of Madagascar is 200 million; 9 million are unemployed, and 102 million hold jobs. Indicate the rate of unemployment 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.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning