Assume that the population is 200 million,the labor force is 100 million,and 90 million people are employed.Then,the unemployment rate is

A) 4.5%.
B) 5%.
C) 9%.
D) 10%.
E) 55%.

Question

Assume that the population is 200 million,the labor force is 100 million,and 90 million people are employed.Then,the unemployment rate isA) 4.5%.B) 5%.C) 9%.D) 10%.E) 55%.

Jaydynn Brenner · Accepted Answer

Final Answer : D, Explanation :  The unemployment rate is calculated as the number of unemployed people divided by the labor force, multiplied by 100. Here, 10 million people are unemployed (100 million labor force - 90 million employed), so the unemployment rate is (10 million / 100 million) * 100 = 10%.

Assume that the population is 200 million,the labor force is 100 million,and 90 million people are employed.Then,the unemployment rate is

A) 4.5%.
B) 5%.
C) 9%.
D) 10%.
E) 55%.

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