Answer to Question #94452 in Macroeconomics for Nomthandazo

Question #94452
if the number of people classified as unemployed is 120000 and the number of those employed in the same year is 80000, what is the unemployment rate?
(1) 40%
(2) 66.7%
(3) 12%
(4) 8%
1
Expert's answer
2019-09-24T08:47:47-0400


All options are wrong


"Urate=[U\/(U+E)]*100"

"Urate=[120000\/(120000+80000)]*100"

Urate=6%

All options are wrong


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