Question

if the number of people classified as unemployed is 120000 and the number of those employed in the same year is 80000, what is the unemployment rate?
(1) 40%
(2) 66.7%
(3) 12%
(4) 8%

Answer 1

All options are wrong

$Urate=[U/(U+E)]*100$

$Urate=[120000/(120000+80000)]*100$

Urate=6%

All options are wrong