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The labor force in your country consists of 225 million people. Of these, 205 million have jobs. What is the unemployment rate in your country? Select one: O a. 6.9% O b. 12.3% O c. 8.9% O d. 10%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The labor force in your country consists of 225 million people. Of these, 205 million have jobs.
What is the unemployment rate in your country?
Select one:
a. 6.9%
O b. 12.3%
O c. 8.9%
O d. 10%
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