You learn that 2,000 citizens that are not in the labor force would like a job. You also learned that there are 4000 involuntary part-time workers. Considering both discouraged workers and involuntary part-time workers, what is the unemployment rate:  Total Population 50,000 Working Age population 40,000 Employed 20,000 Unemployed 5,00 A) 37.93 B) 35.48 C) 40.74 D)33.34

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 34CTQ: Is the higher unemployment rates for minority workers necessarily an indication of discrimination?...
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You learn that 2,000 citizens that are not in the labor force would like a job. You also learned that there are 4000 involuntary part-time workers. Considering both discouraged workers and involuntary part-time workers, what is the unemployment rate: 

Total Population 50,000
Working Age population 40,000
Employed 20,000
Unemployed 5,00

A) 37.93

B) 35.48

C) 40.74

D)33.34

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