If the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be

Given:

Total population = 200 million

Labor force = 100 million

Employed workers = 92 million

To be considered unemployed, the person should be

(a) over 16 years of age,

(b) not working,

(c) was available for work within 4 weeks,

(d) made an effort to find work within 4 weeks.

Unemployed = 200 - 100 - 92 = 8 million

By definition,

Unemployment rate = Unemployed / (Employed + Unemployed)

= 8 / (100 + 8)

= 0.074

= 7.4%

Answer: 7.4%