Suppose the population 16 of years of age or older is 3,000,000, the number of people in the civilian labor force is 2,225,000, and the number of unemployed is 117,925. The unemployment rate is:
A) 7.4 percent.
B) 5.3 percent.
C) 3.9 percent.
D) 3 percent.
Correct Answer:
Verified
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