Assume that the adult population of the United States is 191.6 million, total employment is 117.6 million, and 9.4 million are unemployed. Then the unemployment rate, as normally computed, is approximately percent.
A)4.9
B)7.4
C)7.9
D)9.4

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force (employed + unemployed), then multiplied by 100. Here, the labor force is 117.6 million + 9.4 million = 127 million. The unemployment rate is (9.4 million / 127 million) * 100 ≈ 7.4%.

Assume That the Adult Population of the United States Is