Suppose the population is 300 million people.Of these, 70 million people are classified as "not surveyed," 80 million people as not in the labor force, and 144 million as employed.What would be the unemployment rate in this example? Select one: O a. 4% Ob. 8%

Suppose the population is 300 million people.Of these, 70 million people are classified as "not surveyed," 80 million people as not in the labor force, and 144 million as employed.What would be the unemployment rate in this example? Select one: O a. 4% Ob. 8%

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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Question

Suppose the population is 300 million people.Of these, 70 million people are classified as "not surveyed," 80
million people as not in the labor force, and 144 million as employed.What would be the unemployment rate
in this example?
Select one.
a.
4%
O b. 8%
O c 6%
Od. 2%
Oe.
10%

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