Let's assume that the working-age population of a country B is 125 million and 60 million people are in the labor force. If 55.8 million people are considered employed, and 4.2 million are considered unemployed, what is the rate of unemployment in percentage?

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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Let's assume that the working-age population of a country B is 125 million and 60 million people are in the labor
force. If 55.8 million people are considered employed, and 4.2 million are considered unemployed, what is the rate of
unemployment in percentage?
Transcribed Image Text:Let's assume that the working-age population of a country B is 125 million and 60 million people are in the labor force. If 55.8 million people are considered employed, and 4.2 million are considered unemployed, what is the rate of unemployment in percentage?
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