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Afina-wow [57]
3 years ago
15

In an​ economy, the​ working-age population is 100 million.

Business
1 answer:
Veronika [31]3 years ago
7 0

Answer:

3.6%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,  

Number of unemployed workers = 3 million

And, The labor force = 80 million + 3 million = 83 million

Now the unemployment rate is

= (3 million) ÷ (83 million)

= 3.6%

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