QUESTION 6 Of the 400,000 people (age 16-64) in a particular country, 100,000 people are not employed and they do not seek employment. 240,000 people are employed. 60,000 people are unemployed and looking for a job. Which of the following statement is correct? OA The employment to population ratio is 75%. O B. The unemployment rate is 15%. OC. The labor force participation rate is 75%. O D. The unemployment rate is 25%.

QUESTION 6 Of the 400,000 people (age 16-64) in a particular country, 100,000 people are not employed and they do not seek employment. 240,000 people are employed. 60,000 people are unemployed and looking for a job. Which of the following statement is correct? OA The employment to population ratio is 75%. O B. The unemployment rate is 15%. OC. The labor force participation rate is 75%. O D. The unemployment rate is 25%.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1PA

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