Question

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%

Answer 1

Answer:

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%

Answer 2

Answer:

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%