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Consider a country with 200 million work-eligible residents, a labour force of 160 million, and 10 million unemployed. If 5 million of the unemployed become
Consider a country with 200 million work-eligible residents, a labour force of 160 million, and 10 million unemployed. If 5 million of the unemployed become discouraged and stop looking for work, what is the new unemployment rate?
a.
3.27%
b.
3.40%
c.
3.15%
d.
3.22%
e.
3.32%
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