Suppose there are 200 million persons in the population,120 million persons in the civilian labor force,and 90 million persons are employed.The number of persons unemployed is _______ million and the unemployment rate is ___________ percent.
A) 30; 25
B) 30; 33
C) 30; 5
D) 80; 40

Question

Quizplus · Accepted Answer

The number of unemployed persons is the difference between the labor force and the employed, which is 120 million - 90 million = 30 million. The unemployment rate is calculated as (unemployed/labor force) * 100 = (30/120) * 100 = 25%.

Suppose There Are 200 Million Persons in the Population,120 Million