Suppose in some economy there are 100 million workers; 10 million of those workers work in retail trade, and 1 million of the retail workers belong to unions. Total union membership in this economy is 40 million. The rate of unionization in retail trade is
A)1 percent.
B)10 percent.
C)40 percent.
D)100 percent.

Question

Quizplus · Accepted Answer

The rate of unionization in retail trade is calculated by dividing the number of unionized retail workers by the total number of retail workers, which is 1 million divided by 10 million, resulting in 10 percent.

Suppose in Some Economy There Are 100 Million Workers; 10