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Suppose that the economy has 200 workers. Of the 200, 180 have a job and 20 do not have a job. Of the 20 who
Suppose that the economy has 200 workers. Of the 200, 180 have a job and 20 do not have a job. Of the 20 who do not have a job, 16 are over the age of 16. Moreover, of the 16, 12 were looking for a job. What is the unemployment rate in the economy> Show your calculation./
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