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Consider the following information regarding the working-age population for an economy: Employed: 10,000K Unemployed: 1,000K Not in labor force: 9,000K What is the economy's unemployment
Consider the following information regarding the working-age population for an economy:
Employed: 10,000K
Unemployed: 1,000K
Not in labor force: 9,000K
What is the economy's unemployment rate?
Question 4 options:
A)
5.0%
B)
9.1%
C)
10.0%
D)
11.1%
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