Ask Question
14 April, 10:51

Full-Time Employed = 80 Part-Time Employed = 25 Unemployed = 15 Discouraged Workers = 5 Members of Underground Economy = 6 Consumer Price Index = 110 Refer to the given information about a hypothetical economy. The unemployment rate is: a) 12.5 % b) 18.8 % c) 25% d) 10.7%

+3
Answers (2)
  1. 14 April, 10:52
    0
    a) 12.5%

    Explanation:

    Labor force = Unemployed labor + Part time employed + Full time employed = 15 + 25 + 80 = 120

    Unemployment rate = Unemployed / Labor force * 100 = 15/120 * 100 = 12.5%

    A. 12.5%
  2. 14 April, 11:00
    0
    Answer is A. 12.5 %

    Refer below.

    Explanation:

    Full-Time Employed = 80 Part-Time Employed = 25 Unemployed = 15 Discouraged Workers = 5 Members of Underground Economy = 6 Consumer Price Index = 110 Refer to the given information about a hypothetical economy. The unemployment rate is:

    12.5%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Full-Time Employed = 80 Part-Time Employed = 25 Unemployed = 15 Discouraged Workers = 5 Members of Underground Economy = 6 Consumer Price ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers