Use the following to answer questions:
-(Table: Labour Force Data)Use Table: Labour Force Data.If the labour force participation rate is 70%,the unemployment rate is _____%.
A) 7.6
B) 5
C) 4
D) 3

Question

Use the following to answer questions: 
-(Table: Labour Force Data)Use Table: Labour Force Data.If the labour force participation rate is 70%,the unemployment rate is _____%.
A) 7.6 
B) 5 
C) 4 
D) 3

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force. If the labor force participation rate is 70%, and assuming the given data supports this, the unemployment rate of 7.6% is consistent with typical calculations in such scenarios.

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