Suppose 27 million people in a country are employed and 3 million people are unemployed.What is the unemployment rate?
A)11%
B)89%
C)10%
D)90%
E)Not able to determine from the information provided

Question

Quizplus · Accepted Answer

Unemployment rate = (number of unemployed people / total labor force) x 100
Total labor force = employed + unemployed = 27 million + 3 million = 30 million
Unemployment rate = (3 million / 30 million) x 100 = 10%

Suppose 27 Million People in a Country Are Employed and 3