Multiple Choice
Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
A) 250 million
B) 800 million
C) 1.0 billion
D) 1.6 billion
Correct Answer:
Verified
Correct Answer:
Verified
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