$$\begin{array} { | l | r | }
\hline \text { Unemployed } & 7 \
\hline \text { Total Population } & 145 \
\hline \text { Employed } & 95 \
\hline \text { Discouraged Workers } & 3 \
\hline
\end{array}$$ The table contains information about the hypothetical economy of Scoob. All ?gures are in millions. The unemployment rate in Scoob is
A) 2.5 percent.
B) 3.2 percent.
C) 5.0 percent.
D) 6.9 percent.

Question

$$\begin{array} { | l | r | } 
\hline \text { Unemployed } & 7 \
\hline \text { Total Population } & 145 \
\hline \text { Employed } & 95 \
\hline \text { Discouraged Workers } & 3 \
\hline
\end{array}$$ The table contains information about the hypothetical economy of Scoob. All ?gures are in millions. The unemployment rate in Scoob is
A) 2.5 percent.
B) 3.2 percent.
C) 5.0 percent.
D) 6.9 percent.

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100 to get a percentage. The labor force includes those who are employed and those who are unemployed but looking for work. It does not include discouraged workers who are not actively looking for work. Therefore, the labor force in Scoob is 95 (employed) + 7 (unemployed) = 102 million. The unemployment rate is (7 / 102) * 100 = 6.9 percent.

The Table Contains Information About the Hypothetical Economy of Scoob