If 99 million people are working and 1 million are unemployed but actively seeking work, then the unemployment rate is _____%.
A) 1
B) 5
C) 10
D) 100

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force (the sum of employed and unemployed individuals) times 100. Here, it's (1 million / (99 million + 1 million)) * 100 = 1%.

If 99 Million People Are Working and 1 Million Are