If the labor force is 20 million people and the total employed is 18 million, what is the unemployment rate?

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of the labor force that is unemployed. 
Unemployment rate = (unemployed/labor force) x 100%
In this situation, the labor force is 20 million and the total employment is 18 million. 
Therefore, the number of unemployed people is 20 million - 18 million = 2 million. 
The unemployment rate = (2 million/20 million) x 100% = 10%. 
Therefore, the answer is B.

If the Labor Force Is 20 Million People and the Total