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The Labor Force Is 100 Million and the Unemployment Rate

Question 41

Multiple Choice

The labor force is 100 million and the unemployment rate is 5 percent.One million people quit looking for a job.What is it called when an individual leaves the labor force,and in this case what is the new unemployment rate?


A) Encouraged worker, 5 percent.
B) Discouraged worker, 5.05 percent.
C) Discouraged worker, 3 percent.
D) Discouraged worker, 4.04 percent.

Correct Answer:

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