Question

Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full time employment; 20 parttime employment; 20 do not have employment and are actively looking; and 10 would like employment but do not have employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal?

Answer 1

20%

Step-by-step expltanation:to

total number of unemployed /(unemployed +the employed)

20/(60+20+20)

20/100*100

the official unemployment rate will be 20%

unemployment is wen those who are willing to work , but do not have the levelling ground to be gainfully employed in the society