Calculate the civilian unemployment rate


Problem

In a given year, there are 10 million unemployed workers and 120 million employed workers in the economy. Excluding members of the armed forces and persons in institutions, and assuming these figures include only civilian workers, calculate the civilian unemployment rate.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Calculate the civilian unemployment rate
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