Suppose a country has an unemployment rate of 20%.If we know that the population is 38 million and the labour force is 25 million,then the number of people unemployed is
A)5 million.
B)13 million.
C)20 million.
D)7.6 million.
E)2.6 million.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force. With a 20% unemployment rate and a labor force of 25 million, the number of unemployed people is 0.20 * 25 million = 5 million.

Suppose a Country Has an Unemployment Rate of 20