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Population: 10,000

Employed: 6,000
Unemployed: 2,000
What is the Unemployment Rate?
a) 10%
b) 20%
c) 25%
d) 33%

User ItsGeorge
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1 Answer

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Final answer:

The unemployment rate is calculated as the number of unemployed persons divided by the total labor force, multiplied by 100. Using the provided values, the rate is 25%, which is answer c).

Step-by-step explanation:

The unemployment rate is calculated by dividing the number of unemployed persons by the total labor force and then multiplying the result by 100 to get a percentage. To find the unemployment rate using the given numbers:

Total labor force = Employed + Unemployed = 6,000 + 2,000 = 8,000
Unemployment rate = (Unemployed ∕ Total labor force) × 100 = (2,000 ∕ 8,000) × 100 = 25%

Therefore, the correct answer is c) 25%.

User DonL
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