M Eco 2013 2nd Gordon Rul X P Take a Test Carla Hepburn Google Chrome C D openve

Question

M Eco 2013 2nd Gordon Rul X P Take a Test Carla Hepburn Google Chrome C D openve e https:// 136670024 &centerwin; yes www.mathxl.com/Student/PlayerTest.aspx?testld Carla Hepburn & l 7/5/16 5:10 PM O ECO 2013 Summer B2016 TR 8am Quiz QUIZ 2 GDP and Unemployment Time Remaining: 01:07:00 Submit Quiz MyEconLab This Question 1 p This Quiz: 20 pts possible 19 of 20 (7 complete e Calendar Main Menu Assignments In an economy, the working-age population is 300 million. Of this total Do Homework 240 million workers are employed. 9 million workers are unemployed. 42 million workers are not available for work (homemakers, full-time students, etc.) 6 million workers are available for work but are discouraged and thus are not seeking work Take a Quiz/Test million workers are available for work but are not currently seeking work due to transportation or childcare problems The unemployment rate in this economy is L%. Round your answer to one decimal place radebook Score see score see score Enter your answer in the answer box. Ask me anything 5:10 7/5/2016

Explanation / Answer

Unemployment rate = Unemployed / Labor force = 9 million / (240 million + 9 million) = 9 million / 249 million

= 0.036 = 3.6%

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.