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Assume 160 Million People Are in the Work Force but 10

Question 19

Multiple Choice

Assume 160 million people are in the work force but 10% of them are unemployed.If the average duration of unemployment is eight months and the average monthly paycheck is $3,000, what is the approximate cost of the unemployment in terms of lost wages?


A) $3.2 trillion
B) $384 billion
C) $224 billion
D) $32 billion
E) $24 billion

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