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If the labour force in a given community is 2,000,000, in the wage employment 200,000…

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?
  • A.
    0.4%
  • B.
    40.0%
  • C.
    10.0%
  • D.
    4.0%
Correct Answer: Option B
Explanation