Suppose there are 50 million persons in the population,25 million persons in the civilian labor force,and 20 million persons are employed.The number of persons unemployed is _______ million and the unemployment rate is ___________ percent.
A) 25; 50
B) 5; 10
C) 5; 20
D) 10; 10

Question

Quizplus · Accepted Answer

The number of persons unemployed is the difference between the civilian labor force and the number of persons employed, which is 25 million - 20 million = 5 million. The unemployment rate is the number of unemployed persons divided by the labor force, then multiplied by 100 to get a percentage, which is (5 million / 25 million) * 100 = 20%.

Suppose There Are 50 Million Persons in the Population,25 Million