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) ÷ (Total labor force) × 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 ÷ $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) ÷ (Total labor force) × 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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