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The official unemployment rate

Employ the following data to estimate the official unemployment rate:

net population = 500;

population under 15 years of age or institutionalized= 120;

not in labour force= 150;

unemployed = 23;

part-time labour looking for full-time jobs = 10.

E

Expert

Verified

Official unemployment rate will be

                                    10% [= (23/230) ´ 100].

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