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Author Question: In the economy of Pandemonia, 500 people have jobs, 500 people are not working but are searching for ... (Read 135 times)

segrsyd

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on: Jun 29, 2018
In the economy of Pandemonia, 500 people have jobs, 500 people are not working but are searching for work, and 1500 people don't work and don't seek work. The unemployment rate is
 
  A) 10 percent.
  B) 40 percent.
  C) 50 percent.
  D) 66 percent.
  E) none of the above.

Question 2

The unemployment rate is obtained by
 
  A) dividing the number of employed people by the number of unemployed people.
  B) dividing the number of employed people by the noninstitutional population.
  C) dividing the number of unemployed people by the noninstitutional population.
  D) dividing the number of unemployed people by the civilian labor force.


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firehawk60

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


segrsyd

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
:D TYSM

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