Final answer:
The unemployment rate is calculated by dividing the number of unemployed workers (25 million) by the size of the labor force (75 million) and multiplying by 100, giving us 33.33%, with the closest answer option being 33 percent. The correct answer is option d.
Step-by-step explanation:
To calculate the unemployment rate for this nation, we need to divide the number of unemployed workers by the size of the labor force and then multiply the result by 100 to get a percentage. The number of unemployed workers is given as 25 million, and the size of the labor force is 75 million. So, the unemployment rate is calculated as follows:
(Number of Unemployed Workers / Size of Labor Force) × 100 = Unemployment Rate
(25 million / 75 million) × 100 = 33.33%
The closest option to 33.33% is 33 percent (option d), which is the correct answer to this question. Remember, to express the unemployment rate as a percentage, it is important to multiply the fraction by 100.
The terms unemployment rate, labor force, and employed workers are important to understand when discussing topics related to economics and business.