If the number of people employed were equal to the number of people unemployed,the unemployment rate would be

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of the labor force that is unemployed. If the number of people employed were equal to the number of people unemployed, then the labor force would be twice the number of unemployed people. Therefore, the unemployment rate would be:

Unemployment Rate = (Number of Unemployed / Labor Force) x 100%

= (N / 2N) x 100%

= 50%

Therefore, the answer is C) 50%.

If the Number of People Employed Were Equal to the Number