Multiple Choice
Suppose the population 16 of years of age or older is 4,000,000, the number of employed is 2,700,000, and the number of unemployed is 200,000. The unemployment rate is:
A) 7.4 percent.
B) 6.9 percent.
C) 4.5 percent.
D) 5.0 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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