--%>

The official unemployment rate

Employ the following data to estimate the official unemployment rate:

net population = 500;

population under 15 years of age or institutionalized= 120;

not in labour force= 150;

unemployed = 23;

part-time labour looking for full-time jobs = 10.

E

Expert

Verified

Official unemployment rate will be

                                    10% [= (23/230) ´ 100].

   Related Questions in Finance Basics

  • Q : What is Operating Expenses and Equipment

    Operating Expenses and Equipment (OE&E): This is a class of a support appropriation which comprises objects of expenditure like general expenses, communication, printing, travel, data processing, tools, and accessories for the equipment.

  • Q : Explain the basic goal of a business

    Normal 0 false false

  • Q : What is Make-Buy Analysis Make-Buy

    Make-Buy Analysis: Business decision which compares the costs and advantages of manufacturing a product or product component alongside purchasing it. When the purchase price is high than what it would cost the manufacturer to prepare it, or when the m

  • Q : Define Sponsor Sponsor : It is an

    Sponsor: It is an individual, group, or organization which initiates or brings to a Legislator's attention a proposed law modification.

  • Q : Equilibrium level of aggregate

    Normal 0 false false

  • Q : Biometrics in banking operations

    Biometrics is one kind of technology that can be used to control these kinds of fraudulent practices. May be it is the system which cannot completely stop the practices but yes at least it is the way which can reduce it to the barest minimum. The conv

  • Q : Define Grants Grants : It is generally

    Grants: It is generally used to explain amounts of money received by an organization for a particular purpose however with no obligation to repay (that is, in contrast to a loan, though the award might stipulate the repayment of funds under some situa

  • Q : Question on aggregate supply Normal 0

    Normal 0 false false

  • Q : Four supply factors of economic growth

    Normal 0 false false

  • Q : Define Federal Fiscal Year Federal

    Federal Fiscal Year (FFY): The twelve month accounting period of the federal government, starting on October 1 and ending the following September 30. For illustration, a reference to FFY 2013 means the period starting October 1, 2012 and ending at Sep