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3 years ago

Suppose the number of unemployed is 10 million, the number of employed is 200 million, and the nation's

Social Studies

1 answer:

Arada [10]3 years ago

3 0

Answer:

Labor force participation rate = 65%

Unemployment rate = 4.76%

Explanation:

Given the following :

number of unemployed = 10,000,000

number of employed = 200,000,000

Adult population = 323,000,000

Labor force participation :

The labor force participation rate is the ratio of the labor force to the adult population.

Labor force / adult population

Labor force = employed + unemployed

(Number of employed + number of unemployed) / number of adults

((200,000,000 + 10,000,000) / 323,000,000) × 100%

(210,000,000 / 323,000,000) × 100%

= 65.015% = 65%

Unemployment rate :

The ratio of unemployed citizens to the labor force.

Unemployment rate =(unemployed / labor force)

Labor force =( employed + unemployed)

Labor force = (200,000,000 + 10,000,000) = 210,000,000

Unemployed = 10,000,000

Unemployment rate:

(10,000,000 / 210,000,000) × 100%

0.0476 × 100% = 4.76%

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