Multiple Choice
Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working-age population is 500 million people. What number of people are unemployed?
A) 100 million people
B) 25 million people
C) 20 million people
D) 5 million people
Correct Answer:
Verified
Correct Answer:
Verified
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