If the labor force is 20 million and the total employed is 18 million, what is the unemployment rate?
A) 20%
B) 18%
C) 10%
D) 2%

Name: If the labor force is 20 million and the total employed is 18 million, what is the unemployment rate? A) 20% B) 18% C) 10% D) 2%
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Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force. Here, 2 million are unemployed (20 million - 18 million), so the unemployment rate is (2 million / 20 million) * 100% = 10%.

If the Labor Force Is 20 Million and the Total