Suppose the Bureau of Labor Statistics Reports That the Noninstitutional

Multiple Choice

Suppose the Bureau of Labor Statistics reports that the noninstitutional civilian population is 250 million.Of those,150 million are employed and 5 million are unemployed.Of the 150 million employed,5 million would like to be working twice as many hours and of the 250 million,5 million have given up the search for work.The unemployment rate reported by the BLS would be __________,while if the BLS counted the discouraged workers as unemployed the unemployment rate would be __________.

A) 6.25%;3.2%
B) 2%;6.25%
C) 6.25%;2%
D) 3.2%;6.25%
E) 6%;6.25%