If the labor force is 200 million and 4 million are unemployed then the employment rate is
A) 4%.
B) 6%.
C) 96%.
D) 98%.

Name: If the labor force is 200 million and 4 million are unemployed then the employment rate is A) 4%. B) 6%. C) 96%. D) 98%.
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Question

Quizplus · Accepted Answer

The employment rate is the percentage of the labor force that is employed. In this case, the labor force is 200 million and 4 million are unemployed, so the employment rate is (200 million - 4 million) / 200 million * 100% = 98%.

If the Labor Force Is 200 Million and 4 Million