Business
Business, 10.03.2020 20:00, jeanieb

Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categorized as follows: 25 million people employed, 3 million people unemployed, 1 million discouraged workers, and 1 million people who are either students, homemakers, retirees, or other people not seeking employment. What is the unemployment rate? a. 3.3% b. 12% c. 10.7% d. 6.7%

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