If the number of unemployed workers is 2 million and the number in the labour force is 28 million, what is the unemployment rate?
A)0.7%
B)4%
C)7%
D)9%
E)40%

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed workers divided by the labor force, then multiplied by 100 to get a percentage. So, $ \frac{2 \, \text{million}}{28 \, \text{million}} \times 100 = 7\% $.

If the Number of Unemployed Workers Is 2 Million and the Number