If the population of a country is 220 million people,its labor force consists of 115 million,and 99 million people are employed,the unemployment rate is:

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Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force, then multiplied by 100 to get a percentage. In this case, the number of unemployed people is the labor force minus the number of employed people, which is 115 million - 99 million = 16 million. Therefore, the unemployment rate is (16 million / 115 million) * 100 = 13.9 percent.

If the Population of a Country Is 220 Million People,its