Assume that the U.S.labor force consists of 185 million workers and that 17.5 million are officially unemployed.What is the unemployment rate if 68.5 million are under age 16 and 6 million are institutionalized?
A) 11.4 percent
B) 10.0 percent
C) 9.5 percent
D) 7.5 percent
E) 10.8 percent
Correct Answer:
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