The unemployment rate:A. shows the percentage of the labor force that is considered unemployed.B. is the amount of people in the population that are not working.C. shows the percentage of the population that is considered unemployed.D. is the amount of the labor force that is not working.Suppose an economy is given by the following: Population = 293 million Labor force = 123 million The number of people employed = 116.2 million The number of people unemployed = 6.8 millionGiven the information above, the unemployment rate is ______%.(Enter your response rounded to one decimal place.)

The unemployment rate measures the percentage of the economically active population that is unemployed in an economy. That is, it is a relationship between the unemployed people and the economically active population. In the suggested example, the unemployment rate is 5.5%. That is, the number of unemployed people (6.8 million) divided by the workforce (123 million).