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9. Suppose the civilian non-institutionalized population =200m. Unemployed persons = 8m, employed persons=126m. What is the u
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Answer #1

A) 0.063 or 6.3%

Unemployment rate is calculated as follows-

(Unemployed people÷ total labour force)× 100

Unemployed people is 8m

Total labour force is 126 m

Hence( 8 ÷ 126) * 100

= 0.063 or 6.3%

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