If the labour force in a given community is 2,000,000, in the wage employment 200,000
ECONOMICS
JAMB 2001
If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?
- A. 0.4%
- B. 40.0%
- C. 10.0%
- D. 4.0%
Correct Answer: B. 40.0%
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