In a Small Country, the Population Equals 5,000

question 51

Multiple Choice

In a small country, the population equals 5,000. There are 4,000 people in the labor force and 3,000 people are employed. The unemployment rate equals

• A) 0.25
• B) 0.6
• C) 0.75
• D) an undetermined amount given the lack of information.

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