A city in which 320,000 persons are employed has a labor force of 359,500 persons. The unemployment rate for the city is:
a. 7.8 percent

b. 11.0 percent.
c. 12.3 percent.
d. 14.5 percent.

b

Economics

You might also like to view...

In the neocolonial dependence model, the world can be thought of as divided into

a. absolutionists and neorevisionists. b. the "north" and the "south." c. the "First World," "Second World," and "Third World." d. producers and consumers. e. the "center" and the "periphery."

Economics

Suppose you hear Professor I.M. Dismal say, "There is no substitute for carefully reading your textbook!" In the real world, students

A) will always and absolutely obey their professor's orders. B) will purchase the textbook regardless of its price. C) will often find what they believe are useful substitutes for reading the text. D) will have a vertical demand curve for textbooks.

Economics