The population of a small town is 5,000. There are 4,000 people in the
The population of a small town is 5,000. There are 4,000 people in the labor force, and 3,000 people are employed. The unemployment rate equals
A) 25 percent.
B) 60 percent.
C) 75 percent.
D) an undetermined amount given the lack of information.
ANSWER
A
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