If there are 100 million people in the total population,a labour force of 50 million,and 47 million employed workers,the unemployment rate is _____%.
A) 3
B) 6
C) 8
D) 10

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed workers divided by the labor force, multiplied by 100. Here, there are 3 million unemployed (50 million labor force - 47 million employed), so the unemployment rate is (3 million / 50 million) * 100 = 6%.

If There Are 100 Million People in the Total Population,a