Suppose a country has an unemployment rate of 20%.If we know the population is 38 million and the labour force is 25 million,then the number of people unemployed must be
A)5 million.
B)13 million.
C)20 million.
D)7.6 million.
E)2.6 million.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100 to get a percentage. With an unemployment rate of 20% and a labor force of 25 million, the number of unemployed individuals is 20% of 25 million, which is 5 million.

Suppose a Country Has an Unemployment Rate of 20