Question

QUESTION 1

Labor Data for Argentina

Year	2016	2017	2018
CNP	2,350	3,025	3,700
Employed	1,500	1,988	1,600
Unemployed	250	622	320

The employment rate of Argentina

Group of answer choices

increased from 2016 to 2017 but decreased from 2017 to 2018.

increased both from 2016 to 2017 and from 2017 to 2018.

decreased both from 2016 to 2017 and from 2017 to 2018.

decreased from 2016 to 2017 but increased from 2017 to 2018.

QUESTION 2

Assume that the Civilian Noninstituionalized Population is 375 million, the Labor Force Participation Rate is 74% and there are 122.5 million people not working. Calculate the unemployment rate.

Group of answer choices

9.01 percent

9.9 percent

10.8 percent

10.0 percent

Answer 1