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Author Question: Suppose the population is 300 million people, the labor force is 200 million people, the number of ... (Read 100 times)

imowrer

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on: Jun 30, 2018
Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?
 
  A) 8.8 percent B) 5 percent C) 20 percent D) 7.5 percent E) 92.5 percent

Question 2

Refer to the figure above. If the government fixes a minimum wage rate at 25, the unemployment in the market will be:
 
  A) 10 units of labor. B) 20 units of labor. C) 30 units of labor. D) 0 unit of labor.


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olderstudent

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


imowrer

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

meganmoser117

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Reply 3 on: Yesterday
:D TYSM

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