If the number employed is 190 million,the working-age population is 230 million,and the number unemployed is 10 million,then the unemployment rate is
A)5%.
B)5.2%.
C)8%.
D)10%.
E)50%.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as (Number of Unemployed / Labor Force) * 100. The labor force is the sum of employed and unemployed, which is 190 million + 10 million = 200 million. The unemployment rate is (10 million / 200 million) * 100 = 5%.

If the Number Employed Is 190 Million,the Working-Age Population Is