Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The population of Economia is 1000 persons. 40 work full time; 200 work half-time but would prefer to work full-time; 100 are looking for a

The population of Economia is 1000 persons. 40 work full time; 200 work half-time but would prefer to work full-time; 100 are looking for a job, and 100 would like to work but are so discouraged they've given up looking.Ten are not interested in working because they're full-time students, and 10 are retired.What is Economia's U3 unemployment rate, expressed as a percentage and rounded to one decimal place?

Question 12 options:

a)

29.4%

b)

10.0%

c)

14.3%

d)

16,7%

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

Basic Economics

Authors: Frank V. Mastrianna

16th edition

1111826641, 978-0357706664, 978-1111826642

More Books

Students also viewed these Economics questions

Question

(10 marks) There is a monopoly seller with cost 2 +\f102 2p

Answered: 1 week ago