Assume that the U.S.population is 300 million.If 70 million individuals are legally classified as unable to work (or are less than 16 years of age),80 million are classified as unwilling to work,and 14 million are unemployed,what is the unemployment rate?

Question

Quizplus · Accepted Answer

The total population that can work is 300 million - 70 million (unable to work) = 230 million. The number of people who are either unwilling to work or unemployed is 80 million + 14 million = 94 million. The unemployment rate is then 14 million/230 million * 100% = 6.1%, but we need to include the unwilling to work group as well, which makes the unemployment rate 14 million + 80 million/230 million * 100% = 9.3%. Therefore, the answer is D.

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