Multiple Choice
Suppose the population of a fictional economy falls into the following categories: 320 are employed full time; 110 are employed part time; 20 are unemployed but are actively looking for employment; 50 are unemployed and are not actively looking for employment.The official unemployment rate as calculated by Statistics Canada would be
A) 4.4%.
B) 5.9%.
C) 14.0%.
D) 28.9%.
Correct Answer:
Verified
Correct Answer:
Verified
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