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Mice21 [21]
3 years ago
13

Suppose that in a population of 50 million persons, 40 million are in the labor force, 36 million are employed, 2 million are cl

assified as unable to work, and 1 million are classified as unwilling to work. The unemployment rate is:_______.
A. 10.0 percent.
B. 72.0 percent.
C. 8.0 percent.
D. 80.0 percent.
Business
1 answer:
Gala2k [10]3 years ago
5 0

Answer:

Unemployment rate= 2.78%

Explanation:

Giving the following information:

40 million are in the labor force

36 million are employed

2 million are classified as unable to work

1 million are classified as unwilling to work

The unemployment rate is calculated using the population that is employed and the population actively looking for work.

Therefore:

active population= 40 - 2 - 1= 37

Employed= 36

Unemployment rate= unemployed people/ active population or labor force

Unemployment rate= (1,000,000/36,000,000)*100= 2.78%

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Answer:

Explanation:

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Answer:

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