Question

If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is:

A.4%.
B.10%.
C.67.5%.
D.7.5%.

Answer 1

If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is, B.10%

Step-by-step explanation:

Identify Relevant Information:

Working-age population: 200 million

People with jobs: 135 million

Unemployed and seeking employment: 15 million

Calculate Total Labor Force:

Total Labor Force = People with jobs + Unemployed

Total Labor Force = 135 million + 15 million = 150 million

Calculate Unemployment Rate:

Unemployment Rate = (Unemployed / Total Labor Force) * 100

Unemployment Rate = (15 million / 150 million) * 100 = 10%

The correct answer is option b 10% unemployment rate.