
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 28
Suppose that an economy has 9 million people working fulltime. It also has 1 million people who are actively seeking work but currently unemployed as well as 2 million discouraged workers who have given up looking for work and are currently unemployed. What is this economy's unemployment rate?
A) 10 percent.
B) 15 percent.
C) 20 percent.
D) 25 percent.
A) 10 percent.
B) 15 percent.
C) 20 percent.
D) 25 percent.
Explanation
Finding the unemploy...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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