Find the BLS's rate of unemployment from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.
A) 17.5 percent
B) 23.3 percent
C) 24.6 percent
D) 28.8 percent
E) 38.3 percent

Question

Quizplus · Accepted Answer

The Answer of Find the BLS's rate of unemployment from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.
A) 17.5 percent
B) 23.3 percent
C) 24.6 percent
D) 28.8 percent
E) 38.3 percent

Find the BLS's Rate of Unemployment from the Following Data