Multiple Choice
The population of Tiny Town is 100 people and the labor force is made up of 75 people. If 5 of these people are unemployed, the unemployment rate is
A) 5/100 × 100.
B) 5/75 × 100.
C) 5/80 × 100.
D) There is not enough information provided to calculate the unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
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