Answer: 6%
Explanation:
Total population= 260 million.
Dependent population= 60 million
Employed population= 188 million
Unemployed population= 12 million
Total Labour Force= employed population + unemployed population
= 188 million + 12 million
= 200 million
Therefore total labor force= 200 million
Unemployment rate= unemployed people/ Total Labour Force×100
= 12 million/200 million×100
=0.06× 100
=6%
Unemployment rate= 6%
As a person becomes more educated, the person may gain more money while working or applying to jobs and will gain more knowledge of their surroundings.
To economist, the social cost of union depends primarily on the people. People do not start their lives with fully developed theories about systems of society where unions are formed to fight for socialism. This organize monopolies to break down competition.
Using a credit card is like borrowing money, while debit cards let you draw directly from your bank account
