Suppose that the adult population in some country is 225 million.If 40 million are unemployed and 100 million are employed,then the unemployment rate is approximately

Question

Quizplus · Accepted Answer

The unemployment rate is the number of unemployed individuals divided by the total labor force, which is the sum of employed and unemployed individuals.

Total labor force = employed + unemployed 
Total labor force = 40 million + 100 million 
Total labor force = 140 million

Unemployment rate = (Unemployed / Total labor force) x 100% 
Unemployment rate = (40 million / 140 million) x 100% 
Unemployment rate = 28.57% ≈ 29%

Therefore, the best choice is (A) 29%.

Suppose That the Adult Population in Some Country Is 225