In a country with a population of 20 million, there are 8 million employed and 2 million unemployed. What is the unemployment rate?
A) 2 percent
B) 10 percent
C) 20 percent
D) 25 percent
E) none of the above

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force (employed + unemployed), which is 2 million / (8 million + 2 million) = 0.2 or 20 percent.

In a Country with a Population of 20 Million, There