Question

the total population of an economy is 175 million the labour force is 125 million and the number of unemployed is 8 million the unemployed rate for this economy is
A 4.6 percent
B 5.8 percent
c 6.4 percent
d 7.4 percent ​

Answer 1

Answer:

the answer is c) 6.4 %

8/125*100

8*4/5

32/5=6.4%

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Answer 2

Answer:

The rate of unemployment of economy is 6.4%

Step-by-step explanation:

The total population of an economy = 175 million

labour force = 125 million

The total no. of unemployed persons = 8 millions

We have to find unemployed rate for this economy -

According to rate formula,

• Rate = (no. of unemployed people/ total employed people)×100
• Rate = (8/125)×100
• Rate = (8/5)×4
• Rate = 1.6×4 = 6.4%

Therefore the population of an economy is 175 million the labour force is 125 million and the number of unemployed is 8 million the unemployed rate for this economy is 6.4%

Steps to solve:-

1. Note down given information
2. Put formula of rate in the given information
3. Solving

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