If the labor force totals 100 million workers and 90 million are working, then the unemployment rate is _____%.
A) 1
B) 5
C) 10
D) 90

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of the labor force that is not currently employed. Thus, we subtract the number of employed workers (90 million) from the total labor force (100 million) to get the number of unemployed workers (10 million). To calculate the unemployment rate, we divide the number of unemployed workers (10 million) by the total labor force (100 million) and multiply by 100 to get a percentage: (10 million / 100 million) x 100 = 10%. Therefore, the answer is C, 10%.

If the Labor Force Totals 100 Million Workers and 90