If the total population is 175 million, the labour force is 100 million, and 89 million workers are employed, then the unemployment rate is 11 percent.

Question

Quizplus · Accepted Answer

Unemployment rate = (Unemployed workers ÷ Labour force) x 100%
Unemployed workers = Labour force - Employed workers
Unemployed workers = 100 million - 89 million
Unemployed workers = 11 million

Now, substituting the values in the formula:

Unemployment rate = (11 million ÷ 100 million) x 100%
Unemployment rate = 11%

Therefore, the unemployment rate is 11%, which makes option A true.

If the Total Population Is 175 Million, the Labour Force