Multiple Choice
Suppose the working-age population of a fictional economy falls into the following categories: 30 are retired; 45 are stay-at-home parents; 120 are employed full time; 40 are employed part time; 25 are unemployed but are actively looking for employment; 15 are unemployed and are not actively looking for employment.The official unemployment rate as calculated by Statistics Canada would be
A) 9.62%.
B) 13.51%.
C) 14.55%.
D) 20.0%.
Correct Answer:
Verified
Correct Answer:
Verified
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