Question

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

a. 30 million

b. 188 million

c. 282 million

d. 300 million

High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour.

Chairs Produced Per Hour 0 10 18 24 28 30 Number of Workers 0 2 3 4

How many workers will be hired if the hourly wage for workers is $30?

Select one:

a. 1

b. 2

c. 3

d. 4

0 0
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