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    Principles of Macroeconomics Study Set 12
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    Exam 7: Unemployment, Inflation, and Long-Run Growth
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    If the Number of People Classified as Unemployed Is 20,000
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If the Number of People Classified as Unemployed Is 20,000

Question 209

Question 209

Multiple Choice

If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 400,000, what is the unemployment rate?


A) 2.0%
B) 4.8%
C) 5.0%
D) 9.2%

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