The unemployment rate A. shows the percentage of the labor force that is conside

Question

The unemployment rate A. shows the percentage of the labor force that is considered unemployed. B. shows the percentage of the population that is considered unemployed. C. is the amount of the labor force that is not working. D. is the amount of people in the population that are not working. Suppose an economy is given by the following: Population = 227 million Labor force 153 milliorn The number of people employed = 146.9 million The number of people unemployed-6.1 million Given the information above, the unemployment rate is %. Enter your response rounded to one decimal place.

Explanation / Answer

Answer

Option a

Unemployment rate=unemployed/labor force

=6.1/153

=0.039869281

=4.0%

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.