If the number of employed persons in a country equals 24 million,the number of unemployed persons equals 8 million,and the number of persons over age 16 in the population equals 40 million,what is the unemployment rate?
A)8 percent
B)20 percent
C)25 percent
D)32 percent

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed persons divided by the labor force (employed + unemployed), then multiplied by 100. Here, the labor force is 24 million + 8 million = 32 million. The unemployment rate is (8 million / 32 million) * 100 = 25 percent.

If the Number of Employed Persons in a Country Equals