If the number of unemployed workers in an economy is 4 million and the size of the labor force in the economy is 16 million,then the unemployment rate in the economy is ________.

Name: If the number of unemployed workers in an economy is 4 million and the size of the labor force in the economy is 16 million,then the unemployment rate in the economy is ________.
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Question

Quizplus · Accepted Answer

The unemployment rate is calculated as (Number of Unemployed / Labor Force) * 100. So, (4 million / 16 million) * 100 = 25 percent.

If the Number of Unemployed Workers in an Economy Is