Suppose That There Are 70 Million People in the Labour

question 91

Multiple Choice

Suppose that there are 70 million people in the labour force,of whom 60 million are employed.The unemployment rate is:

• A) 7%.
• B) 10%.
• C) 14.29%.
• D) 4.2%.

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Definitions:

Income Statement

A financial statement that shows a company's revenue, expenses, and net income or loss over a specific period.