Assume that the U.S. labor force consists of 185 million workers and that 17.5 million are officially unemployed. Calculate the unemployment rate
a. 11.4 percent
b. 10.0 percent
c. 9.5 percent
d. 7.5 percent
e. 10.8 percent
c
Economics
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An appropriate test of the effectiveness of an economic model is
A) the number of variables contained within the model. B) the model's ability to predict future economic activity. C) the number of economists who have worked on the model. D) the number of assumptions which the economist has made.
Economics
How does the U.S. Labor Department treat individuals who begin working a part- time job because they cannot find full-time work?
a. as discouraged workers b. as partly employed c. as fully employed d. as unemployed
Economics