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grin007 [14]
3 years ago
9

Suppose that you are provided with the following data for your country for a particular month: 200 million people are working, 2

0 million are not working but are looking for work, and 40 million are not working and have given up looking for work. The official unemployment rate for that month is:
Mathematics
1 answer:
lisov135 [29]3 years ago
7 0

Answer:

Unemployement\,\,rate=23%

Step-by-step explanation:

To find the unemployment rate we have the next expression:

Unemplyment\,\,rate=\frac{Unemployment\,\,people}{Total\,\, labor\,\, force}\cdot 100

We have the next data:

200 million employed

20 million unemployed

40 million umemployed are not  looking for a job

Then the total labor force will be the employed and the unemployed population then de have 260 million

Unemployement\,\,rate=\frac{60million}{260million}\cdot 100

Unemployement\,\,rate=\frac{6}{26}\cdot 100

Unemployement\,\,rate=0.23\cdot 100

Unemployement\,\,rate=23%

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