Answered: There are 100,000 adults in the…

There are 100,000 adults in the population. 80,000 of them are in the labor force. 60,000 of the labor force are employed. What is the unemployment rate 1.25% 2. 20% 3.75% 4.40%

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1CQQ

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Only typed answer

There are 100,000 adults in the population. 80,000 of them are in the
labor force. 60,000 of the labor force are employed. What is the
unemployment rate
1.25%
2. 20%
3.75%
4.40%
O 1.
2.

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