In an economy, the working-age population is 300 million. Of this total, 240 million workers are employed. 9 million workers

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3 years ago

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In an economy, the working-age population is 300 million. Of this total, 240 million workers are employed. 9 million workers

are unemployed. 42 million workers are not available for work (homemakers, full-time students, etc.). 6 million workers are available for work but are discouraged and thus are not seeking work. 3 million workers are available for work but are not currently seeking work due to transportation or childcare problems.
The unemployment rate in this economy is:.....

Business

1 answer:

Alexeev081 [22] · Answer 1 · 2022-08-21T12:29:46+03:00

Answer: 3.61% unemployment rate

Explanation:

Only those workers currently employed and unemployed make the workforce; discouraged workers, unavailable workers, or students are not considered part of the workforce.

To calculate unemployment rate, divide unemployed peoples by the total number of people in the workforce:

9 / 249 = 3.61% unemployment rate

In an​ economy, the​ working-age population is 300 million. Of this​ total, 240 million workers are employed. 9 million workers

In an economy, the working-age population is 300 million. Of this total, 240 million workers are employed. 9 million workers