Suppose there was a country with an adult (age 16 and over) population of 1,000, of which 100 were unemployed and 700 were employed. Which of the following is true?
A) The employment population ratio is 87.5 percent.
B) The labor force participation rate is 70 percent.
C) The unemployment rate is 12.5 percent.
D) There are 700 individuals in this country's labor force.
Correct Answer:
Verified
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