St.Somewhere has a working age population of 20 million.Of those,11 million are employed and 1 million are unemployed.What is the unemployment rate?
A)4%
B)5%
C)6.3%
D)8.3%

Question

Quizplus · Accepted Answer

The unemployment rate can be calculated by dividing the number of unemployed individuals by the total working age population and then multiplying by 100. So, the unemployment rate in St. Somewhere is (1 million / 12 million) * 100 = 8.3%. Thus, option D is the correct answer.

StSomewhere Has a Working Age Population of 20 Million