Answer the question on the basis of the following information about the hypothetical economy of Scoob.All figures are in millions. $\begin{array} { l l }
\text { Unemployed } & 7 \
\text { Total Population } & 145 \
\text { Employed } & 95 \
\text { Discouraged Workers } & 3
\end{array}$ Refer to the given information.The unemployment rate in Scoob is:

Question

Answer the question on the basis of the following information about the hypothetical economy of Scoob.All figures are in millions. $\begin{array} { l l } 
\text { Unemployed } & 7 \
\text { Total Population } & 145 \
\text { Employed } & 95 \
\text { Discouraged Workers } & 3
\end{array}$ Refer to the given information.The unemployment rate in Scoob is:

Quizplus · Accepted Answer

The unemployment rate is calculated as (Unemployed / Labor Force) * 100. The labor force is the sum of employed and unemployed individuals, which is 95 + 7 = 102. Thus, the unemployment rate is (7 / 102) * 100 = 6.86%, which rounds to 6.9%.

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