Question

Suppose that in the country of Workanda, the population is 330 million, and 170 million people are working (have a job). If 70 million people are ineligible to work and the Labor Force Participation Rate is 70%, what is the unemployment rate in Workanda? [Use two significant digits for your answer]. A BIU - PE III Suppose that in the country of Workanda , the population is 330 million , and 170 million people are working ( have a job ) . If 70 million people are ineligible to work and the Labor Force Participation Rate is 70 % , what is the unemployment rate in Workanda ? [ Use two significant digits for your answer ] . ​

Answer 1

Answer:

30%

Step-by-step explanation:

The unemployment rate is 30%