Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million

-Refer to Exhibit 10-2. From the data provided, the unemployment rate is approximately ____ percent.
A)4.5
B)7.7
C)9.2
D)5.4

Question

Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million
​
-Refer to Exhibit 10-2. 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 (employed + unemployed) times 100. Here, it's (30 million / (360 million + 30 million)) * 100 = 7.7%.

Exhibit 10-2 Assume the Following Information About a Country for the Following