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A country has a total civilian population (over age 16) of 300 million. Of this population, 225 million are employed, 25 million are unemployed, and the remainder of the population is not in the labor force. Then, the unemployment rate isGroup of answer choices.083..111..100..150.

Question

A country has a total civilian population (over age 16) of 300 million. Of this population, 225 million are employed, 25 million are unemployed, and the remainder of the population is not in the labor force. Then, the unemployment rate isGroup of answer choices.083..111..100..150.

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Solution

The unemployment rate is calculated as the number of unemployed people divided by the total number of people in the labor force.

Step 1: Calculate the total labor force. The labor force is the sum of the employed and the unemployed, which is 225 million + 25 million = 250 million.

Step 2: Calculate the unemployment rate. The unemployment rate is the number of unemployed people divided by the total labor force, which is 25 million / 250 million = 0.10.

So, the unemployment rate is 0.10 or 10%.

This problem has been solved

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