Suppose Initially That the Working-Age Population Is 220 Million, the Labor

question 341

Multiple Choice

Suppose initially that the working-age population is 220 million, the labor force is 150 million, and the official U-3 unemployment rate is 10 percent. 5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new U-3 unemployment rate?

• A) 6.25 percent
• B) 6.7 percent
• C) 9.7 percent
• D) 8.7 percent

---

Definitions:

Defence Mechanism

Psychological strategies brought into play by individuals or the mind to cope with reality and maintain self-image.

Undoing

A psychological defense mechanism in which a person attempts to negate or make amends for a thought, feeling, or action they perceive as wrong.

Defence Mechanisms

Tactics employed by the subconscious to alter or deny reality, aiming to protect against anxiety and undesirable tendencies by manipulating perceptions.

Constructive Coping

Strategies used to deal with stressful situations by reducing the negative emotional outcomes associated with stress through proactive and positive ways.