What is the unemployment rate if there are 125 million people in the labour force,100 million people employed,and 25 million not in the labour force?
A)25%
B)20%
C)17%
D)15%

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the total labor force. Here, there are 25 million unemployed (125 million labor force - 100 million employed), so the unemployment rate is (25 million / 125 million) * 100 = 20%.

What Is the Unemployment Rate If There Are 125 Million