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If 1m people are unemployed and the potential labour force is 30m, what is the unemployment rate

If 1m people are unemployed and the potential labour force is 30m, what is the unemployment rate
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If 1m people are unemployed and the potential labour force is 30m, what is the unemployment rate

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User Jason McCay
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1 Answer

4 votes

Answer:

total labour= 40m

unemployement rate= 1000000/40000000*100%= 2.5%

Step-by-step explanation:

answered
User Nitesh
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