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Macroeconomics

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Unemployment Rate Measurement

MACRO-AAXVIG

Suppose there are 1000 employed persons (including part-time workers) and 800 people who do not work. Of the latter, 100 are seeking work. What is the unemployment rate? (Round to the nearest one-tenth of a percent)

A

44.4%

B

12.5%

C

9.1%

D

5.6%

E

None of the above