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Data for an Economy Shows That the Unemployment Rate Is

Question 21

Multiple Choice

Data for an economy shows that the unemployment rate is 6 percent, the participation rate 60 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) 333 million
B) 500 million
C) 800 million
D) 1.20 billion

Correct Answer:

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