In a country with a population of 20 million, there are 8 million employed and 4 million unemployed. What is the unemployment rate?
A) 20 percent
B) 33.3 percent
C) 50 percent
D) 25 percent
E) none of the above

Question

Quizplus · Accepted Answer

To find the unemployment rate, we need to divide the number of unemployed people by the total number of people in the labor force (employed + unemployed). 
Labor force = employed + unemployed = 8 million + 4 million = 12 million
Unemployment rate = (4 million / 12 million) x 100% = 33.3%

In a Country with a Population of 20 Million, There