Multiple Choice
Suppose that in a population of 50 million persons,40 million are in the labor force,36 million are employed,2 million are classified as unable to work,and 1 million are classified as unwilling to work.The unemployment rate is
A) 10.0 percent.
B) 72.0 percent.
C) 8.0 percent.
D) 80.0 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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