Multiple Choice
Assume 120 million people are in the work force but 8% of them are unemployed.If the average duration of unemployment is eight months and the average monthly paycheck is $3,400 what is the approximate cost of that unemployment in terms of lost wages?
A) $26 trillion
B) $2.6 trillion
C) $260 billion
D) $26 billion
E) $2.6 billion
Correct Answer:
Verified
Correct Answer:
Verified
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