Multiple Choice
Suppose that in the small country of Sociopolis there are 6 million people in the adult population,that the labor-force participation rate is 70 percent,and that there are 3.8 million people employed.To the nearest tenth,what is the unemployment rate?
A) 10.5%
B) 9.5%
C) 6.7%
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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