The Following Information Is About a Hypothetical Economy

question 22

Multiple Choice

The following information is about a hypothetical economy:
Full-time employed = 80
Part-time employed = 25
Unemployed = 15
Discouraged workers = 5
Members of underground economy = 6
Consumer Price Index = 110
-Refer to the above information.The unemployment rate is:

• A) 18.8 percent.
• B) 12.5 percent.
• C) 16.7 percent.
• D) 25 percent.

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