Answer to Question #135844 in Macroeconomics for Esihle

Question

Out of 20 million people in the population, 9 million people are in the Labour force and 3 million are unemployed, therefore the unemployment rate is:

Answer 1

Hello I was trying to incorpotate the formula from the link to the latex editor but I have fixed it

$\frac{3}{9}\ *\ 100$

33.33%

the unemployment rate is 33.33%