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Suppose a Nation Has a Total Population of 100,000,000

Question 29

Multiple Choice

Suppose a nation has a total population of 100,000,000. Out of that, 60% are in the labor force and 55,000,000 people are employed. What is the nation's unemployment rate?


A) 5.0%
B) 8.3%
C) 9.1%
D) 10.9%

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