Presume the official unemployment rate

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Reference no: EM13683881

Presume the official unemployment rate is 10 percent. We can conclude without question that

A) The same 10 percent of the people in the economy were out of work for the entire year

B) One of every ten people in the labor force is currently unemployed

C) The same 10 percent of the people in the labor force were out of work for the entire year

D) Every person in the labor force was out of work for 10 percent of the year

E) 10 percent of the people in the economy were each out of work for 10 percent of the year

Reference no: EM13683881

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