Multiple Choice
Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is
A) 10 percent.
B) 10/70 × 100.
C) 10/80 × 100.
D) There is not enough information provided to calculate the unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q380: Suppose the CPI last year is 121
Q381: Full employment occurs when the<br>A) unemployment rate
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Q383: If the CPI this year is 175.2
Q384: Discouraged workers _ counted as officially unemployed
Q386: Cyclical unemployment _ during expansions and _
Q387: When the economy is operating at full
Q388: If the CPI for this year is
Q389: Suppose the number of people employed is
Q390: The labor force is defined as<br>A) people