If 20 million workers are unemployed and 180 million workers are employed, then the unemployment rate is
A. 10%.
B. 11.1%.
C. 18%.
D. 80%.
Answer: A
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Suppose a country experiences an increase in output per worker. Such a development represents which of the following?
A) an increase in labor productivity B) an increase in population growth C) a reduction in the saving rate D) a decrease in economic growth
From 2000 to 2014, the dollar depreciated substantially against other currencies. This drop in value most likely benefitted
A) European citizens traveling in the U.S. B) U.S. citizens traveling in Europe. C) U.S. manufacturers importing parts from abroad. D) U.S. citizens purchasing foreign-made automobiles.
In the past 10 years or so, average real wages of U.S. workers in non agricultural industries have
a. increased about 40 percent. b. increased slightly. c. remained about the same. d. declined.
If there is freeway congestion at 8 a.m., we can reduce (or eliminate) the congestion by
A) building more freeways. B) raising the price to drive on the freeway at 8 a.m. C) encouraging workers to carpool.. D) a and b E) a, b, and c