Question

If the adult population of a country is 200 million, 100 million are employed, and 10 million are unemployed, this country's unemployment rate is:

Answer 1

Answer:

Unemployment rate will be 9.90 %

Explanation:

We have given total number of population = 200 million

Number of employed population = 100 million

Number of unemployed population = 10 million

Total labor force = number of employed population + number of unemployed population = 100+10 = 110 million

So unemployment rate $=\frac{number\ of\ unemployed\ population}{total\ labor\ force}=\frac{10}{110}=0.0909$ = 9.09 %

So unemployment rate will be 9.09 %