If the labor force includes 100 million workers and 5 million people are unemployed but actively seeking work, then the unemployment rate is _____%.
A) 1
B) 5
C) 10
D) 95

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100. 
In this case: 
Unemployment rate = (5 million / 100 million) x 100 
= 5% 
Therefore, the unemployment rate is 5%.

If the Labor Force Includes 100 Million Workers and 5