Question

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%

Answer 1

Unemployment rate = unemployed/working age population* 100%

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