Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a country, there are3.65million unemployed people and111.8million people in the labor force. Calculate the unemployment rate. Round any intermediate calculations to four decimal places.

In a country, there are3.65million unemployed people and111.8million people in the labor force.

Calculate the unemployment rate. Round any intermediate calculations to four decimal places. Convert your final answer to a percentage and round it to two decimal places if necessary.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Macro Economy Today

Authors: Bradley R. Schiller, Karen Gebhardt

14th edition

1259291820, 978-1259291821

More Books

Students also viewed these Economics questions

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago