In a country with a working- age population of 130 million, 90 million workers are employed and 10 million workers are unemployed. What is the unemployment rate?
A) 7.1 percent
B) 7.7 percent
C) 10.0 percent
D) 5.0 percent

Question

Quizplus · Accepted Answer

To find the unemployment rate, we need to divide the number of unemployed workers by the total working-age population and multiply by 100.

Unemployment rate = (10 million / 130 million) x 100 = 7.7%

Therefore, the correct answer choice is B.

In a Country with a Working- Age Population of 130