In Dakistan, 3M people work, 0.5M are unemployed and get UI benefits, 0.1M are unemployed without UI benefits and 3M have no intention to work. The unemployment rate is (to the nearest %)

Using the data in the above table, if income is on the x-axis and the amount spent on restaurant meals is on the y-axis, the slope of the straight line graph equals

A) 0.2. B) 0.4. C) 0.5. D) 2.5.

Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates

What will be an ideal response?