Assume that, in the population, 95 million people worked for pay last week, 5 million people did
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Question:
Assume that, in the population, 95 million people worked for pay last week, 5 million people did not work for pay but had been seeking a job, 5 million people did not work for pay and had not been seeking a job for the past several months, and 45 million were under age 16. The unemployment rate, given these numbers, is:
a). 25%
b). 50%
c). 10%
d). 5%
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