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Question: Suppose you are provided with the following data for your country for a particular month: 200 million people are working, 20 million are not working but are looking for work, and 40 million are not working and have given up looking for work. If we treated discouraged workers as unemployed, what would the unemployment rate for that month be?

7.7%

9.1%

23.1%

30.5%

10%

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92586795

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