Multiple Choice
Assume 140 million people are in the work force but 12% of them are unemployed.If the average duration of unemployment is ten months and the average monthly paycheck is $3,200, what is the approximate cost of the unemployment in terms of lost wages?
A) $64 trillion
B) $8.4 trillion
C) $684 billion
D) $540 billion
E) $38 billion
Correct Answer:
Verified
Correct Answer:
Verified
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