Labour force data for a certain month in 2021 are as follows: Working age population = 20.91 million Labour force = 13.8 million Number of employed people = 13.04 million Number of unemployed people = 0.76 million What is the unemployment rate during the month? Group of answer choices a. 5.70% b. 3.78% c. 5.51% d. 3.63%
Labour force data for a certain month in 2021 are as follows: Working age population = 20.91 million Labour force = 13.8 million Number of employed people = 13.04 million Number of unemployed people = 0.76 million What is the unemployment rate during the month? Group of answer choices a. 5.70% b. 3.78% c. 5.51% d. 3.63%
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Unemployment
Section: Chapter Questions
Problem 4PA
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Question
7) Labour force data for a certain month in 2021 are as follows:
Working age population = 20.91 million
Labour force = 13.8 million
Number of employed people = 13.04 million
Number of unemployed people = 0.76 million
What is the
Group of answer choices
a. 5.70%
b. 3.78%
c. 5.51%
d. 3.63%
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