What is the employment ratio (in percentage terms)if there are 17 million people employed,2.5 million people unemployed,and 3.5 million not in the labour force?
A)74%
B)83%
C)87%
D)100%

Question

Quizplus · Accepted Answer

The employment ratio is calculated as the number of employed people divided by the total labor force (employed + unemployed) and then multiplied by 100. Here, the labor force is 17 million + 2.5 million = 19.5 million. The employment ratio is (17/19.5) * 100 = 87.18%, which rounds to 87%.

What Is the Employment Ratio (In Percentage Terms)if There Are