Suppose the Population (Age 16 and Over) of New Zealand

Multiple Choice

Suppose the population (age 16 and over) of New Zealand is 48 million; 4 million are unemployed, and 40 million hold jobs. Indicate the rate of unemployment and the employment/population ratio of New Zealand.

A) The unemployment rate is 10 percent, and the employment/population ratio is 75 percent.
B) The unemployment rate is 9.1 percent, and the employment/population ratio is 91.7 percent.
C) The unemployment rate is 10 percent, and the employment/population ratio is 83.3 percent.
D) The unemployment rate is 9.1 percent, and the employment/population ratio is 83.3 percent.