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What is the unemployment rate if there are 160 million people employed, 10 million people unemployed, and 20 million not in the labor force

1 Answer

8 votes

Answer:

7.14%

Step-by-step explanation:

With regards to the above, we can calculate the unemployment rate as!

= Unemployed people/labor force × 100

= 10,000,000 /140,000,000 × 100

= 7.14%

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