Assuming that the total population is 100 million,the labour force is 50 million,and 3 million workers in the labour force are unemployed,the unemployment rate:
A)is 3 percent
B)is 6 percent
C)is 9 percent
D)is 12 percent
E)cannot be determined from the information given

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 convert it to a percentage. In this case, it's (3 million / 50 million) * 100 = 6 percent.

Assuming That the Total Population Is 100 Million,the Labour Force