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
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
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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