Data for an Economy Shows That the Unemployment Rate Is

question 100

Multiple Choice

Data for an economy shows that the unemployment rate is 6%, the participation rate 60 percent, and 200 million people 16 years or older are not in the labor force. How many people are unemployed this economy?

• A) 12.0 million
• B) 18.0 million
• C) 28.8 million
• D) 43.2 million

---

Definitions:

Dependent

Suggests a reliance on something else for value, substance, or outcome; often used in context with variables in research where one variable's response is contingent on another's action.

Coefficient Of Correlation

A numerical measure that illustrates the magnitude and direction of a relationship between two variables or sets of data.

SSE

Sum of Squared Errors, a measure used in statistics to indicate the difference between the observed and predicted values by a model.

Coefficient Of Correlation

A numerical measure that quantifies the degree to which two variables are correlated, indicating the strength and direction of their relationship.