Answer to Question #134360 in Macroeconomics for Mcedisi

Question

Out of 20 million people in the population, 9 million people are in the labour force
and 3 million are unemployed, therefore the unemployment rate is:
(2)
(1) 3 percent.
(2) 15 percent.
(3) 30 percent.
(4) 33,3 percent.

Answer 1

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