Exhibit 10-1
-Refer to Exhibit 10-1. From the data provided, the unemployment rate is approximately ____ percent.
A)4.5
B)7.7
C)9.2
D)5.4

Question

​Exhibit 10-1 
-Refer to Exhibit 10-1. From the data provided, the unemployment rate is approximately ____ percent.
A)​4.5 
B)​7.7 
C)​9.2 
D)​5.4

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force. From the data provided in Exhibit 10-1, we can see that the number of unemployed individuals is 7.8 million and the labor force is 101.6 million. Therefore, the unemployment rate is (7.8/101.6)*100 = 7.7%. Thus, the best choice is B.

​Exhibit 10-1 -Refer to Exhibit 10-1. from the Data Provided, the Unemployment

Exhibit 10-1 -Refer to Exhibit 10-1. from the Data Provided, the Unemployment