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What is the unemployment rate in sample

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Suppose we have the following labor survey data: 100,000 people in the civilian, non-institutionalized population sample, 80,000 of these in the labor force, 76,000 of these people employed. What is the unemployment rate in this sample?

A) 7.6%

B) 5%

C) 4%

D) 8%

E) none of the other options.

Reference no: EM131861631

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