Suppose That There Are 70 Million People in the Labor

Multiple Choice

Suppose that there are 70 million people in the labor force, of whom 60 million are employed. The unemployment rate is:

A) 7%.
B) 7%
C) 10%.
D) 10%
E) 14.29%.
F) 14.29%
G) 4.2%
H) 4.2%.