-Based on the information in the above table,what is the unemployment rate?
Definitions:
High-income Countries
Nations with a high gross national income per capita compared to other countries.
Wage Rates
The standard amount of pay given for work performed, typically expressed on an hourly, daily, or piecework basis.
Total Wage Income
The sum of all wages received by individuals within an economy, organization, or sector over a specified period.
Labor Demand
The total amount of workers that employers are willing and able to hire at a given wage rate in a certain period.
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