In the fictional country of Eldoria, there are 120,000,000 p…
In the fictional country of Eldoria, there are 120,000,000 people. Out of this total population, 30,000,000 residents are below the age of 16, and 12,000,000 have stopped looking for work. The remaining residents are in the labor force, and 3,900,000 of the labor force are unemployed and actively seeking work. Find the unemployment rate.
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