The following table shows Metropolis' population and employment data. What is the approximate unemployment rate in Metropolis according to this data? Status Number of people Children 0-15 years old 300,000 Employed 425,000 Unemployed 75,000

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

hello! econ mcq how do i do this?

The following table shows Metropolis' population and employment data. What is the
approximate unemployment rate in Metropolis according to this data?
Status
Number of people
Children 0-15 years old
300,000
Employed
425,000
Unemployed
75,000
Discouraged Adult workers
50,000
Stay-at-home parents and other non-working civilians over 18
65,000
Retired individuals
60,000
Select one:
О а. 15%
O b. 26%
O c. 18%
O d. 12%
Transcribed Image Text:The following table shows Metropolis' population and employment data. What is the approximate unemployment rate in Metropolis according to this data? Status Number of people Children 0-15 years old 300,000 Employed 425,000 Unemployed 75,000 Discouraged Adult workers 50,000 Stay-at-home parents and other non-working civilians over 18 65,000 Retired individuals 60,000 Select one: О а. 15% O b. 26% O c. 18% O d. 12%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Two-Part Tariff
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education