Question

Xenia has 100,000,000 people. Of this population, 25,000,000 residents are below age 16, and 10.000,000 have given up looking for work. Currently, 15,000,000 people are unemployed but are actively looking for work, and the rest are fully employed. What is the unemployment rate?

Answer 1

Answer: 45000

Step-by-step explanation:

Answer 2

The unemployment rate should be 23.1%.

• The calculation is as follows;

Total Labour Force = Total Population - People are Below 16 Years of Age - Unemployed People Not Looking for Work

= 100,000,000 - 25,000,000 - 10,000,000

= 65,000,000

Now

Employment Rate =  Unemployed People Actively Looking For work ÷ Total Labour Force

= 15,000,000 ÷ 65,000,000

= 23.1%

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