Task 3: The population of the Republic of Butters is 165. Of these 165 individuals, 130 are in the labor force and 25 are unemployed. What is the unemployment rate in the Republic of Butters? Task 4: The population of Arctica is 30. Of these 30 individuals, 20 are in the labor force and 17 are employed. What is the unemployment rate in Arctica?
Task 3: The population of the Republic of Butters is 165. Of these 165 individuals, 130 are in the labor force and 25 are unemployed. What is the unemployment rate in the Republic of Butters? Task 4: The population of Arctica is 30. Of these 30 individuals, 20 are in the labor force and 17 are employed. What is the unemployment rate in Arctica?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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