Question

Use this information to answer the next question. What is the unemployment rate for this nation? All numbers are in millions: Population of the nation - 125; Size of the labor force - 75; Number of employed workers - 50; Number of unemployed workers - 25

Answer 1

33.33%

Step-by-step explanation:

Unemployment rate is the proportion of the labour force without a job

Unemployment rate = (number of unemployed workers / total labour force ) x 100

25 /75 x 100 = 33.33%