If the Number of People Classified as Unemployed Is 20,000

question 296

Multiple Choice

If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 620,000, what is the unemployment rate?

• A) 1.6%
• B) 3.1%
• C) 10.6%
• D) 632%

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Definitions:

Random Assignment

The process of assigning subjects to experimental or control groups using randomization to reduce bias.

Case Study

An in-depth analysis of a particular individual, group, or situation over a period of time, used in psychological research to gather detailed data.

Pace Of Life

The speed at which life's activities are conducted, which can vary significantly between cultures, cities, and individuals.

Economically Less-Developed

Referring to countries or regions with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) scores compared to more developed economies.