Author Question: In the economy of Grippe, 40 people have jobs, 10 people are not working but are searching for work, ... (Read 74 times)

bb · **on:** Jun 29, 2018

In the economy of Grippe, 40 people have jobs, 10 people are not working but are searching for work, and 100 people don't work and don't seek work. The unemployment rate is

A) 14 percent.
B) 15 percent
C) 20 percent.
D) 25 percent.
E) none of the above.

Question 2

In the economy of Confoundia, 500 people have jobs, 1000 people are not working but are searching for work, and 2000 people don't work and don't seek work. The unemployment rate is

A) 25 percent.
B) 33 percent.
C) 40 percent.
D) 50 percent.
E) 66 percent.