A foreign governmental statistics agency recently reported that there were 47.6 million people over age 25 who had at least a bachelor's degree.Of this number,38.0 million were in the labour force and 35.9 million were employed.What was the unemployment rate in this group?
A) about 2.3 percent
B) about 5.5 percent
C) about 22.8 percent
D) about 55.1 percent

Question

Quizplus · Accepted Answer

To find the unemployment rate in this group, we need to use the formula: 
Unemployment rate = (number unemployed / labour force) x 100%
We know that the labour force in this group is 38.0 million, and the number employed is 35.9 million. To find the number unemployed, we subtract the number employed from the total number with a bachelor's degree: 
47.6 million - 35.9 million = 11.7 million
So, the unemployment rate is: 
(11.7 million / 38.0 million) x 100% = 30.8%
Therefore, the answer is B, about 5.5 percent.

A Foreign Governmental Statistics Agency Recently Reported That There Were