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%

Question

Mathematics

Gretchen Rios

12 January, 16:50

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%

+1

Answers (1)

Know the Answer?

Kylee Guerrero · Answer 1

B. 5.0%

Step-by-step 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.

If the working age population is 250 million, 170 million are employed and 9 million are unemployed, the unemployment rate isA) 3.6%B) 5.0%C) 6.8%D) 7.0%

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%