Assume the economy's employed workforce totals 100 million persons. And, assume the economy's labor force totals 110 million persons. The economy's official unemployment rate will equal (approximately):
a. 10 percent
b. 5 percent
c. 9.1 percent
d. 90 percent

Question

03-06-2024
Business

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Assume the economy's employed workforce totals 100 million persons. And, assume the economy's labor force totals 110 million persons. The economy's official unemployment rate will equal (approximately):
a. 10 percent
b. 5 percent
c. 9.1 percent
d. 90 percent

Sagot :

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