Question

If the working age population is 250 million, 170 million are employed and 9 million are unemployed, the unemployment rate is

A) 3.6%
B) 5.0%
C) 6.8%
D) 7.0%

Answer 1

B. 5.0%

Explanation:

The unemployment rate is calculated by the number of unemployed/ number in labor force. The labor force in this problem is 179 million (employed + unemployed). Seventy-one million people of the working-age population are not part of the labor force.

Answer 2

5.0

Explanation: