24. Suppose that some country had an adult population of about 50 million, a labor- participation rate of 80%, and an unemployment rate of 20%, How many people we unemployed? a.) 10 million b. 8 million c. 12 million d. 40 million

24. Suppose that some country had an adult population of about 50 million, a labor- participation rate of 80%, and an unemployment rate of 20%, How many people we unemployed? a.) 10 million b. 8 million c. 12 million d. 40 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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