Question

The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago.

The unemployment rate in Marble Falls is now
A) 0%.
B) 11.1%.
C) 20%.
D) 25%

Answer 1

A) 0%

Step-by-step explanation:

The unemployment rate in the town of Marble Falls refers to the portion of the active population which is not employed

Initially, there were 2 people actively searching for means of livelihood, six weeks down the line, they lost interest in job search, which means that by then, they were no longer in the unemployed category since they have stopped looking for job opportunities.

In essence, when the 2 people left the unemployed category, no one was left, which translated into the unemployment rate for the town of Marble Falls