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Question
The following table provides a breakdown of a country's population (millions) :
Total population 114 Children (below the working age) 18 Unemployed people looking for a job 9 Full-time students (not looking for a job) 2 Retired people 14 Employed people 63 People confined to correctional 1 Other adults not in the labour force 7
What is the unemployment rate of the given population?
The following table provides a breakdown of a country's population (millions) :
| Total population | 114 | Children (below the working age) | 18 |
| Unemployed people looking for a job | 9 | Full-time students (not looking for a job) | 2 |
| Retired people | 14 | Employed people | 63 |
| People confined to correctional | 1 | Other adults not in the labour force | 7 |
What is the unemployment rate of the given population?
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Solution
The correct option is D 12.5%
Labour Force =114−14−1−18−2−7=72
Employed people = 63
Unemployed people = 72−63=9Unemployment rate = 9×10072=12.5%
Labour Force =114−14−1−18−2−7=72
Employed people = 63
Unemployed people = 72−63=9
Unemployment rate = 9×10072=12.5%
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