Question 1
Measures of Unemployment
Employed | 25,000 people |
Unemployed | 5000 people |
Not in the Labor Force | 8000 people |
Based on the data in the table, the labor force equals ________ people.
◦ 38,000
◦ 25,000
◦ 33,000
◦ 30,000
Question 2
Measures of Unemployment
Employed | 22,000 people |
Unemployed | 5000 people |
Not in the Labor Force | 7000 people |
Based on the data in the table, the unemployment rate is ________. (Round to the nearest tenth when appropriate.)
◦ 14.7%
◦ 22.7%
◦ 33.3%
◦ 18.5%