Monday, February 15, 2016

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the unemployment rate?



Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the unemployment rate?

#Parkin #11edition #Unemployment #CPI #Inflation #Chapter22

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1 comment:

  1. Rully MangunsongFebruary 15, 2016 at 1:53 AM

    Answer: The unemployment rate is (20 million unemployed) ÷ (150 million labor force) × 100 = 13.3 percent.

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