Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section6.1: Measuring The Price Level
Problem 2ST
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Transcribed Image Text:If there are 2,000 people in the population; 950 are employed; 50 are unemployed, what is the
unemployment rate?
5.3%
2.5%
7.4%
5%
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