Suppose the working- age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. The number of unemployed people is
A) 37 million.
B) 7 million.
C) 22 million.
D) 15 million.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force. With a 10% unemployment rate and a labor force of 150 million, the number of unemployed people is 10% of 150 million, which is 15 million.

Suppose the Working- Age Population Is 220 Million, the Labor