Table 20-1 Consider the Data Above for a Simple Economy

question 226

Multiple Choice

Table 20-1
Consider the data above for a simple economy.
-Refer to Table 20-1. The unemployment rate for this simple economy equals

• A) (100/1,000) × 100.
• B) (100/1,100) × 100.
• C) (100/15,000) × 100.
• D) (100/20,000) × 100.

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Definitions:

Equation

A mathematical statement that asserts the equality of two expressions, typically involving variables and constants.

Litres

A unit of volume equivalent to 1000 cubic centimeters or 1 cubic decimeter, used in the metric system to measure liquids and gases.

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A form of orange juice that has been frozen to preserve it for longer periods, often sold as concentrate.

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