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, we need to compare the number of unemployed people to the total number of people in the labor force. In this case, there are 10 million unemployed individuals and a total labor force of 100 million. We can calculate the unemployment rate by dividing the number of unemployed people by the labor force and then multiplying by 100 to get a percentage. So, we divide 10 million by 100 million, which equals 0. 1, and then multiply by 100, resulting in an unemployment rate of 10%.
Detailed Explanation
To find the unemployment rate, divide the number of unemployed people by the total labor force. Other options are incorrect because This answer might come from thinking that 10 million is half of 100 million; This answer could come from a misunderstanding of how to calculate percentages.
Key Concepts
unemployment definition
Topic
Calculating Unemployment Rate
Difficulty
easy level question
Cognitive Level
understand
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