Consider this current information in Australia: 200 million people are working, 30 million are not working but are looking for work, and 60 million are not working and have given up looking for work. The official unemployment rate for that month is:

Question

Quizplus · Accepted Answer

The official unemployment rate is calculated by dividing the number of people who are actively looking for work (30 million) by the total number of people in the labor force (200 million + 30 million).

This gives us:

30 million / 230 million = 0.1304 or 13.0% (rounded to the nearest tenth)

Therefore, the best choice is C) 13.0%.

Consider This Current Information in Australia: 200 Million People Are