makenzies8162 makenzies8162

21-01-2021
Business

contestada

What is the unemployment rate if there are 160 million people employed, 10 million people unemployed, and 20 million not in the labor force

Respuesta :

ayokenny2001 ayokenny2001

24-01-2021

Answer:

7.14%

Explanation:

With regards to the above, we can calculate the unemployment rate as!

= Unemployed people/labor force × 100

= 10,000,000 /140,000,000 × 100

= 7.14%

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