Answer to Question #82312 in Macroeconomics for rena

Question #82312

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%

Expert's answer

Unemployment rate = unemployed/working age population* 100%

Unemployment rate = 9/250*100% = 3.6%

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