Multiple Choice
Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is
A) 10 percent.
B) 10/80 × 100.
C) 10/70 × 100.
D) There is not enough information provided to calculate the unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
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