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Which of the following is NOT an unrealistic assumption made in the rational decision making model?
Unemployment Rate
The percentage of the labor force that is jobless and actively looking for employment, a key economic indicator.
Estimated
Calculated approximations or predicted values based on statistical models and available data.
Teenagers
Individuals who are in the age group of 13 to 19 years.
Labor-Force Participation
The proportion of individuals within the working-age range who are currently employed or are seeking employment actively.
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