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EC201 chapter_7_Quiz Full

# A 31 b 106 c 16 d 632 answer a diff2 topic

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Unformatted text preview: ment rate? A) 2.0% B) 4.8% C) 5.0% D) 9.2% Answer: B Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 24) If the people classified as unemployed is 20,000 and the number of people classified as employed is 620,000, number of what is the unemployment rate? A) 3.1% B) 10.6% C) 1.6% D) 632% Answer: A Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 25) If the number of people employed is 150,000 and the labor force is 170,000, the unemployment rate is A) 6.25%. B) 11.76%. C) 2.5%. D) 6.55%. Answer: B Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 26) If the ment rate is 6.2% and the number of people employed is 200,000, the total number of people unemploy unemployed is approximately A) 12,400 people B) 10,970 people. C) 13,220 people. D) cannot be determined from this information Answer: C Diff: 3 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 27) If the ment rate is 6.2% and the number of people employed is 200,000, the labor force is approximately unemploy A) 212,400...
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