FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the unemployment rate if the population is 100 million, 40 million people are working, and 10 million people are not working but looking

What is the unemployment rate if the population is 100 million, 40 million people are working, and 10 million people are not working but looking for work?

a) 20%

b) 10%

c) 60%

d) 25%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Principles of Macroeconomics

Principles of Macroeconomics

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

12th edition

978-0134078809

Students also viewed these Economics questions

Question

The purpose of a study by Maheux et al. (A-52) was to evaluate the effect of labor on glucose production and glucose utilization. Subjects were six normal pregnant women. Among the data collected...

Answered: 1 week ago

Question

★★★★★
The CFO of Sterling Chemical is interested in evaluating the cost of equity capital for his firm. However, Sterling uses very little debt in its capital structure (the firms debt-to-equity...

Answered: 1 week ago

Question

★★★★★
QUESTION 2 8 A preferred stock pays a $ 6 . 0 5 dividend per share every year. If investors require a 7 . 6 % return on this preferred stock, what is the preferred stock's intrinsic value? $ 5 8 . 9...

Answered: 1 week ago

Question

★★★★★
Nace Manufacturing Company leased a piece of nonspecialized equipment for use in its operations from Righteous Leasing on January 1, 2019. The 10 year lease requires lease payments of $5,000,...

Answered: 1 week ago

Question

★★★★★
Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its return on investment (ROI) based on both net book value (NBV) and gross book value (GBV). Financial data...

Answered: 1 week ago

Question

★★★★★
Crane Company offers a five-year warranty on its products. Crane previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control...

Answered: 1 week ago

Question

★★★★★
Theresa used her personal savings to purchase the rights to own and operate a Sonic Drive-In rather than starting her own fast-food restaurant. She is most likely to be a(n) Multiple Choice trade...

Answered: 1 week ago

Question

★★★★★
Sandolin Incorporated (SI) is a global, diversified firm whose shares trade on the major Canadian and U.S. stock markets. It owns numerous toll highways, several companies in the energy business, and...

Answered: 1 week ago

Question

★★★★★
ak-II IIIIGI I Iuu- W As a business consultant, you have been hired by a small .0 sneaker manufacturer whose goal is to produce sneakers with sustainably source material and ethical labor practices....

Answered: 1 week ago

Previous Question Next Question