The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civilian labor force is 150 million. The number of unemployed workers in
This economy is

Question

Quizplus · Accepted Answer

The unemployment rate is given as 6%, which means that 6% of the labor force is unemployed. 
6% of 150 million (labor force) is 0.06 x 150 million = 9 million. 
Therefore, the number of unemployed workers in this economy is 9 million.

The Unemployment Rate in an Economy Is 6 Percent