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Answer to Question #80802 in Macroeconomics for AYANDA
Question #80802
Use the information below for the country Zip. All the figures are in millions.
Total population in 2016 1800
Total labour force in 2015 550
Economically active population in 2016 675
Number of people unemployed in 2016 225
The unemployment rate in 2016 is equal to...
1) 41%
2) 38%
3) 33.3%
4) 81%
Total population in 2016 1800
Total labour force in 2015 550
Economically active population in 2016 675
Number of people unemployed in 2016 225
The unemployment rate in 2016 is equal to...
1) 41%
2) 38%
3) 33.3%
4) 81%
Expert's answer
The unemployment rate is equal to
Unemployment rate = 225÷675×100=33.3%
Unemployment rate = 225÷675×100=33.3%
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