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In the island of Mustique the civilian noninstitutionalized working-age population is 32.5 million. Out of this population, 9.71 million are working full-time and 5.7 million
In the island of Mustique the civilian noninstitutionalized working-age population is 32.5 million. Out of this population, 9.71 million are working full-time and 5.7 million are working part-time. Records of the most recent job-search activity indicate that 2.60 million searched for jobs less than two weeks ago, while 1.95 million most recently looked for work between two and four weeks ago. An additional 3.87 million most recently looked for work five weeks ago, and the remaining 8.67 million who do not have jobs have not looked for work in the past six weeks. What is the unemployment rate? a. 22.79% b. 19.50% c. 35.33% d. 27.50%
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