Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 260 million. Employed = 188 million Unemployed = 12 million What is the unemployment rate in this economy? 1) 6.8% 2) 6.4% 3) 6.0% 4)4.6%

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A:

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Q: Refer to the information provided in Table 1 below. What is the unemployment rate?

A: What is unemployment rate?

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