Suppose we have the following labor survey data: 100,000 people in the civilian, non-institutionalized population sample, 80,000 of these in the labor force, 76,000 of these people employed. What is the unemployment rate in this sample? Group of answer choices a) 5% b) 8% c) None of the other options. d) 7.6% e) 4%
Suppose we have the following labor survey data: 100,000 people in the civilian, non-institutionalized population sample, 80,000 of these in the labor force, 76,000 of these people employed. What is the unemployment rate in this sample? Group of answer choices a) 5% b) 8% c) None of the other options. d) 7.6% e) 4%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose we have the following labor survey data: 100,000 people in the civilian, non-institutionalized population sample, 80,000 of these in the labor force, 76,000 of these people employed. What is the
Group of answer choices
a) 5%
b) 8%
c) None of the other options.
d) 7.6%
e) 4%
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