The size of the labor force in a community is 500 and 400, Ask an Expert

Economics

The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job, and are not looking for work. In addition, 200 people in the community are under the age of 16. The unemployment rate is:

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M963635

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