A nation has a population of 260 million people.Of these, 60 million are retired, in the military, in institutions, or under 15 years old.There are 188 million who are employed.What is the unemployment rate?

Question

Quizplus · Accepted Answer

The total population is 260 million.
The number of people who are retired, in the military, in institutions, or under 15 years old is 60 million.
Therefore, the number of people who are eligible for employment is 260 million - 60 million = 200 million.
Out of the 200 million eligible for employment, 188 million are employed.
The number of people who are unemployed is 200 million - 188 million = 12 million.
To find the unemployment rate, we need to divide the number of unemployed by the total eligible for employment:
Unemployment rate = (12 million / 200 million) x 100% = 6%.
Therefore, the answer is B) 6 percent.

A Nation Has a Population of 260 Million People