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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%
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Correct Answer: Option B
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