Suppose the population is 300 million​ people, the labor force is 200 million​ people, the number of people employed is 185​ million, and the workingminusage population is 170 million people. What is the unemployment​ rate?

Respuesta :

Answer:

7.5%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) Ă· (Total labor force) Ă— 100

where,

Number of people employed is 185 million

And, the labor force is 200 million

So in order to find out the unemployment rate, we subtract it by 1

= 1 - ($185 million Ă· $200 million)

= 1 - 0.925 million

= 7.5%

The unemployment​ rate is 7.5%.

  • The computation is as follows:

Unemployment rate = (Number of Unemployed workers) Ă· (Total labor force) Ă— 100

Here  

Number of people employed is 185 million

And, the labor force is 200 million

So in order to determine out the unemployment rate, we deduct it by 1

= 1 - ($185 million ÷ $200 million)  

= 1 - 0.925 million  

= 7.5%

Therefore we can conclude that The unemployment​ rate is 7.5%.

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