Suppose the city of Calgary,Alberta has a population of 1 million,a labour force of 575 000,and employment is equal to 545 000.The unemployment rate in Calgary is approximately
A)3.0%.
B)5.2%.
C)5.5%.
D)54.5%.
E)57.5%.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100. In this case, the number of unemployed individuals is the difference between the labor force (575,000) and the employed individuals (545,000), which is 30,000. Therefore, the unemployment rate is (30,000 / 575,000) * 100 = 5.2%.

Suppose the City of Calgary,Alberta Has a Population of 1