Solved

If the Number of Employed Workers Equals 200 Million and the Number

Question 7

Multiple Choice

If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment rate equals ______ percent (rounded to the nearest percent) .


A) 0
B) 9
C) 10
D) 20

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Paying efficiency wages helps firms reduce the

Q3: Government policies directed at reducing frictional unemployment

Q4: Efficiency-wage theories suggest that a firm may

Q5: In past non-recessionary periods, a typical worker

Q6: In the case of unions, the conflict

Q8: It is said that some frictional unemployment

Q9: Economist Robert Barro attributes the increase in

Q10: The unemployment insurance system may be desirable

Q11: Earlier retirement in Europe than in the

Q12: In an economy, if 5 percent of