If the number of people employed is 120 000 and the labour force is 150 000, the unemployment rate is:
A) 8%
B) 50%
C) 20%
D) 80%

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force, multiplied by 100. Here, the number of unemployed people is 150,000 - 120,000 = 30,000. So, the unemployment rate is (30,000 / 150,000) * 100 = 20%.

If the Number of People Employed Is 120 000 and the Labour