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Georgia has a total population of 5,000 people. Of this population, 500 residents are below the age of 16 and 1,000 have given up looking

Georgia has a total population of 5,000 people. Of this population, 500 residents are below the age of 16 and 1,000 have given up looking for work. Currently, 250 people are unemployed but are actively looking for work; 1250 work part time, and the remaining number are fully employed. Reference: Ref 12-4 (Scenario: Employment in Georgia) What is the unemployment rate in Georgia? A. 2% B. 7.14% C. 11.11% D. 4.25%

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