Multiple Choice
Data for an economy shows that the unemployment rate is 6%, the participation rate 60 percent, and 200 million people 16 years or older are not in the labor force. How many people are unemployed this economy?
A) 12.0 million
B) 18.0 million
C) 28.8 million
D) 43.2 million
Correct Answer:
Verified
Correct Answer:
Verified
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