Question

Assume that the adult population of the united states is 191.6 million, total employment is 117.6 million, and 9.4 million are unemployed. then the unemployment rate, as normally computed, is approximately ______ percent.

Answer 1

48 percent is most liely the solution

Answer 2

The correct answer is:

7.4%.

Explanation:

The unemployment rate is found by dividing the number of unemployed people by the labor force.

The labor force is found by adding together unemployed people and employed people.

In this case, the labor force is 9.4+117.6 = 127 million.

The unemployment rate is then given by

9.4/127 = 0.074 = 7.4%.