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The Total Labor Force Is 100,000 Out of a Possible

question 52

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The total labor force is 100,000 out of a possible working age population of 160,000. The total number of unemployed is 8,000. What is the unemployment rate?


Definitions:

Franchise Rule

is a regulation designed to provide prospective franchisees with the necessary information to make informed decisions about their investments in franchise operations.

Potential Earnings Figures

Estimates or projections of the amount of money that could be earned in the future, often used in the context of investments or employment.

Prospective Franchisees

Individuals or entities that are considering entering into a franchise agreement to operate a branded business.

Separate Business Organization

An entity that operates independently from other business entities, often with its own legal and tax considerations.

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