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 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

Economics Of The Environment Selected Readings

Authors: Robert Stavins

6th Edition

0393913406, 9780393913408

More Books

Students also viewed these Economics questions