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15 July, 23:42

The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civilian labor force is 150 million. The number of unemployed workers in this economy is:

1. 6 million

2. 9 million

3. 12 million

4. 24 million

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Answers (1)
  1. 16 July, 02:38
    0
    2. 9 million

    Explanation:

    We know that

    Unemployment rate = Number of unemployed workers : Civilian labor force

    6% = Number of unemployed workers : 150 million

    So, the number of unemployed workers would be

    = 150 million * 6%

    = 9 million

    We simply applied the unemployed rate so that the number of unemployed workers could come

    All other information given is of no significance. So, ignored it
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