Multiple Choice
Suppose the population of Timmy Town is 1000 people and the working-age population is 800.If 200 of these people are unemployed,the unemployment rate in Timmy Town is
A) 2 percent.
B) 1/5 × 100.
C) 1/8 × 100.
D) 1/4 × 100.
E) There is not enough information provided to calculate the unemployment rate.
Correct Answer:
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