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

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The unemployment rate is the percentage of the labor force that is unemployed. The labor force is the total number of people who are employed or unemployed and actively seeking work. In this case, the labor force is 140 million (100 million employed + 40 million unemployed). The unemployment rate is therefore 40 million / 140 million * 100 = 28.57%, which is approximately 29%.

Suppose That the Adult Population in the Town of Springfield