12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there are 10 retired people, 63 people will full-time jobs, 5 people with part-time jobs, 2 full-time students, 4 full-time homemakers, and 16 people who do not have jobs, but want them. Only 12 of these latter 16 people without jobs had actively looked for a job in the preceding four weeks. In this town, the unemployment rate, (U3), is 6. A) 17.0 B) 25.0 C) 15.0 D) 16.0 E) 12.0

12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there are 10 retired people, 63 people will full-time jobs, 5 people with part-time jobs, 2 full-time students, 4 full-time homemakers, and 16 people who do not have jobs, but want them. Only 12 of these latter 16 people without jobs had actively looked for a job in the preceding four weeks. In this town, the unemployment rate, (U3), is 6. A) 17.0 B) 25.0 C) 15.0 D) 16.0 E) 12.0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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