Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
5%
B
10%
C
15%
D
20%
Understanding the Answer
Let's break down why this is correct
Answer
To find the unemployment rate, you need to understand the relationship between the total labor force and the number of unemployed individuals. The unemployment rate is calculated by dividing the number of unemployed people by the total labor force and then multiplying the result by 100 to get a percentage. In this case, you have 10 million unemployed people and a labor force of 200 million. So, you divide 10 million by 200 million, which gives you 0. 05.
Detailed Explanation
To find the unemployment rate, divide the number of unemployed by the labor force. Other options are incorrect because This answer might come from thinking that 10 million is a large part of 200 million; Some might think 10 million is 15% of 200 million.
Key Concepts
labor force
economic conditions
Topic
Calculating Unemployment Rate
Difficulty
medium level question
Cognitive Level
understand
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