객관식
Which of the following best defines unemployment in macroeconomic statistics?
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11. Unemployment and Inflation
Labor Force and Unemployment
객관식
Suppose an economy has 150 million people employed, 10 million people unemployed, and 40 million people not in the labor force. What is the unemployment rate for this economy?
A
8.00%
B
5.00%
C
6.25%
D
20.00%
검증된 단계별 안내1
Identify the number of employed people, unemployed people, and those not in the labor force. Here, employed = 150 million, unemployed = 10 million, and not in labor force = 40 million.
Calculate the labor force by adding the number of employed and unemployed people: \(\text{Labor Force} = \text{Employed} + \text{Unemployed}\).
Use the formula for the unemployment rate, which is the percentage of the labor force that is unemployed: \(\text{Unemployment Rate} = \left( \frac{\text{Unemployed}}{\text{Labor Force}} \right) \times 100\).
Substitute the values into the formula: \(\text{Unemployment Rate} = \left( \frac{10}{150 + 10} \right) \times 100\).
Simplify the fraction and multiply by 100 to find the unemployment rate as a percentage.
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