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Exam CFA® Level 1 topic 1 question 1451 discussion

Actual exam question from Test Prep's CFA® Level 1
Question #: 1451
Topic #: 1
[All CFA® Level 1 Questions]

Given:

Population 50 million -
Number in the labor force 30 million
Number employed full time 20 million
Number employed part time 8 million

Number unemployed 2 million -
What is the unemployment rate of the economy?

  • A. 10.0 percent
  • B. 4.0 percent
  • C. 7.1 percent
  • D. 6.7 percent
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Suggested Answer: D 🗳️
The unemployment rate is the number of unemployed people divided by the number of people in the labor force or: 2/20 = 6.7%.
by KAla7223 at Feb. 15, 2023, 11:30 a.m.

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KAla7223
1 year, 10 months ago
2/20 is 10%.....
upvoted 1 times
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