An investment will pay $202,000 at the end of next year for an investment of $182,000 at the start of the year. If the market in
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Answer:
a) unemployment rate = 15
b) unemployment rate = 2.5
Explanation:
unemployed people are those who are willing and available to work and have actively been seeking a job in the past four weeks. This accurately describes the 12 people who are willing, able and looking for work but cannot find jobs. To calculate the unemployment rate in percentage, the following formula is used:
Where:
a) Number of unemployed = 12
Labour force = 80 (number of people over 16 years of age)
b) if 10 of the unemployed people get discouraged and give up looking for work, the number of unemployed becomes 2 persons, (12 - 10 = 2).