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Author Question: Assume that the U.S. labor force consists of 185 million workers and that 17.5 million are ... (Read 66 times)

abc

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on: Jun 30, 2018
Assume that the U.S. labor force consists of 185 million workers and that 17.5 million are officially unemployed. Calculate the unemployment rate.
 a. 11.4 percent
  b. 10.0 percent
  c. 9.5 percent
  d. 7.5 percent
  e. 10.8 percent

Question 2

The official unemployment rate is:
 a. the number of unemployed people divided by the number of employed people.
  b. the number of unemployed people divided by the total size of the population.
  c. the number of unemployed people divided by the size of the non-institutionalized population.
  d. the number of unemployed people divided by the size of the labor force.
  e. the number of unemployed people divided by the number of people aged 16 or under.


Hikerman221

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

c

Answer to Question 2

d


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