A nation has a population of 300 million people.Of these, 80 million are retired, in the military, in institutions, or under 15 years old.There are 210 million who are employed.What is the unemployment rate?

Question

Quizplus · Accepted Answer

The total population is 300 million. The number of retired, in military, institutions or under 15 years old is 80 million. Therefore, the number of people available to work is 300 - 80 = 220 million. The number of employed people is 210 million. Therefore, the number of unemployed people is 220 - 210 = 10 million. To calculate the unemployment rate, we divide the number of unemployed people by the number of people available to work, and then multiply by 100 to get a percentage. So, (10/220) x 100 = 4.545 or 4.5 percent, rounded to one decimal place. Therefore, the answer is C, 4.5 percent.

A Nation Has a Population of 300 Million People