Answer the question on the basis of the following information about a hypothetical economy: Full - Time Employed = 80 Part - Time Employed = 25 Unemployed = 15 Discouraged Workers = 5 Members of Underground Economy = 6 Consumer Price Index = 1 1 0 to the gven information. The unemployment rate is: 18. 8 percent. 25 percent . 12.5 percent. 16.7 percent.

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.