Assume that the population is 200 million,the labor force is 100 million,and 90 million people are employed.Then,the unemployment rate is

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force, multiplied by 100. Here, 10 million people are unemployed (100 million labor force - 90 million employed), so the unemployment rate is (10 million / 100 million) * 100 = 10%.

Assume That the Population Is 200 Million,the Labor Force Is