Assuming there are 200 million people employed in the United States and 5 million people unemployed, the unemployment rate would therefore approximately equal

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Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed people by the total labor force (employed + unemployed) and multiplying by 100. In this case, the unemployment rate would be 5 million / (200 million + 5 million) * 100 = 2.4%.

Assuming There Are 200 Million People Employed in the United