Question
Suppose that 22 million people are employed, 2 million people are unemployed, and 33 million people are 15 years of age or older. Which of
Suppose that 22 million people are employed, 2 million people are unemployed, and 33 million people are 15 years of age or older. Which of the following statements is true?
A. The unemployment rate is 20%.
B. The sizeofthelabourforce is 22million.
C. The labourforceparticipationrate is 22%.
D. The unemploymentrate is 8.3%.
and Explain why?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
