Table 2.1
$$\begin{array} { l c }
\text { Population: } & 260 \text { million } \
\text { Employed: } & 130 \text { million } \
\text { Unemployed: } & 10 \text { million } \
\text { Retired: } & 35 \text { million } \
\text { Under Age 16: } & 60 \text { million }
\end{array}$$
-Given the data in Table 2.1,the unemployment rate is
A) 3.8%.
B) 5.0%.
C) 7.1%.
D) 7.8%.

Question

Table 2.1
 $$\begin{array} { l c } 
\text { Population: } & 260 \text { million } \
\text { Employed: } & 130 \text { million } \
\text { Unemployed: } & 10 \text { million } \
\text { Retired: } & 35 \text { million } \
\text { Under Age 16: } & 60 \text { million }
\end{array}$$
-Given the data in Table 2.1,the unemployment rate is
A) 3.8%.
B) 5.0%.
C) 7.1%.
D) 7.8%.

Quizplus · Accepted Answer

The unemployment rate is calculated as (Unemployed / (Employed + Unemployed)) * 100 = (10 / (130 + 10)) * 100 = 7.1%.

Table 21 -Given the Data in Table 2