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    Principles of Economics
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    Exam 28: Unemployment
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    Suppose That in Some State the Adult Population Is 4
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Suppose That in Some State the Adult Population Is 4

Question 14

Question 14

Multiple Choice

Suppose that in some state the adult population is 4 million,the labor-force participation rate is 75%,and that .25 million people are unemployed.What is the unemployment rate to the nearest tenth?


A) 6.3%
B) 7.7%
C) 8.3%
D) 9.1%

Correct Answer:

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