CFA Practice Question

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CFA Practice Question

If the labor force is 100 million and the number of people who are looking for jobs but cannot find them is 6 million, the unemployment rate is ______.

A. 6%
B. 16.7 million
C. 16.7%
Correct Answer: A

To calculate the unemployment rate, divide the number of people who are unemployed (6) by the labor force (100) and multiple by 100. This equals 6/100*100 = 6%.

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