In a country with a working-age population of 130 million, 90 million workers are employed and 10 million workers are unemployed. What is the unemployment rate?
A) 10.0 percent
B) 7.1 percent
C) 7.7 percent
D) 5.0 percent

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed workers by the total labor force (employed + unemployed workers) and multiplying by 100. In this case, the unemployment rate is (10 million / 100 million) * 100 = 10.0 percent.

In a Country with a Working-Age Population of 130 Million