Suppose the total population is 150 million, the labour force is 100 million, and 94 million workers are employed.What is the unemployment rate?

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100. In this case, there are 6 million unemployed individuals (100 million in the labor force - 94 million employed) out of a labor force of 100 million, resulting in an unemployment rate of 6 percent (6 million / 100 million * 100).

Suppose the Total Population Is 150 Million, the Labour Force