Under 16 years of age or institutionalized:100 Not in labor force: 120 Unemployed:150 Employed: 130 calculate the official unemployment rate: O a. 43.57% O b. 53.57% c. 10.10% O d. 33.68%

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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14
Use the following data
Total population, 500;
Under 16 years of age or institutionalized:100
Not in labor force: 120
Unemployed:150
Employed: 130
calculate the official unemployment rate:
a. 43.57%
O b. 53.57%
O c. 10.10%
O d. 33.68%
Transcribed Image Text:14 Use the following data Total population, 500; Under 16 years of age or institutionalized:100 Not in labor force: 120 Unemployed:150 Employed: 130 calculate the official unemployment rate: a. 43.57% O b. 53.57% O c. 10.10% O d. 33.68%
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