Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were unemployed? O 1) 2.54 million 2) 2.76 million 3) 3.68 million 4) 8 million
Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were unemployed? O 1) 2.54 million 2) 2.76 million 3) 3.68 million 4) 8 million
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 14SQ
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