expand icon
book Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Edition 20ISBN: 978-0077660772
book Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn cover

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.
Explanation
Verified
like image
like image

Finding the unemploy...

close menu
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
cross icon