Question

what are the net exports using the table shown?
in billions of dollars
consumption 3,600
investment 800
transfer payments 750
government purchases 1,000
exports 650
imports 450
net foreign factor income -30
200
650
450
170
clear my selection
32
multiple choice 0.1 points
the total labor force is 100,000 out of a possible working age population of 160,000. the total number of unemployed is 8,000. what is the unemployment rate?
7 percent
5 percent
6 percent
8 percent
clear my selection

Explanation:

Step1: Recall the formula for unemployment rate

The formula for the unemployment rate is $\frac{\text{Number of unemployed}}{\text{Labor force}}\times100$.

Step2: Substitute the given values into the formula

We are given that the number of unemployed is $8000$ and the labor force is $100000$. So, the unemployment rate is $\frac{8000}{100000}\times100$.

Step3: Calculate the value

$\frac{8000}{100000}\times100 = 8\%$.

Answer:

8 percent