Suppose the population (age 16 and over) of Madagascar is 200 million; 9 million are unemployed, and 102 million hold jobs. Indicate the rate of unemployment of Madagascar. O The unemployment rate is 4.5 percent. The unemployment rate is 7.5 percent. O The unemployment rate is 8.1 percent. O The unemployment rate is 8.8 percent.
Suppose the population (age 16 and over) of Madagascar is 200 million; 9 million are unemployed, and 102 million hold jobs. Indicate the rate of unemployment of Madagascar. O The unemployment rate is 4.5 percent. The unemployment rate is 7.5 percent. O The unemployment rate is 8.1 percent. O The unemployment rate is 8.8 percent.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 16P
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
Transcribed Image Text:Suppose the population (age 16 and over) of Madagascar is 200 million; 9
million are unemployed, and 102 million hold jobs. Indicate the rate of
unemployment of Madagascar.
O The unemployment rate is 4.5 percent.
The unemployment rate is 7.5 percent.
O The unemployment rate is 8.1 percent.
O The unemployment rate is 8.8 percent.
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