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Use the following information to answer questions # 19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the official (i.e. U-3) unemployment rate in ABC? ((5+5)/30) x 100% = 33.3% O b. (5/50) x 100% = 10.0% O c. (5/(5+30)) x 100% = 14.3% O d. (5/(30)) x 100% = 16.7%

Use the following information to answer questions # 19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the official (i.e. U-3) unemployment rate in ABC? ((5+5)/30) x 100% = 33.3% O b. (5/50) x 100% = 10.0% O c. (5/(5+30)) x 100% = 14.3% O d. (5/(30)) x 100% = 16.7%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the following information to answer questions # 19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the official (i.e. U-3) unemployment rate in ABC? O a. ((5+5)/30) x 100% =33.3% O b. (5/50) x 100% = 10.0% O c. (5/(5+30)) x 100% = 14.3% O d. (5/(30)) × 100% = 16.7% Next page page MacBook Air
Transcribed Image Text:Use the following information to answer questions # 19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the official (i.e. U-3) unemployment rate in ABC? O a. ((5+5)/30) x 100% =33.3% O b. (5/50) x 100% = 10.0% O c. (5/(5+30)) x 100% = 14.3% O d. (5/(30)) × 100% = 16.7% Next page page MacBook Air
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