Ask Question
1 September, 02:27

Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What

is the standard unemployment rate?

+3
Answers (1)
  1. 1 September, 03:53
    0
    The standard unemployment rate is of 0.0794 = 7.94%.

    Step-by-step explanation:

    The standard unemployment rate, as a proportion, is the number of unemployed people divided by the size of the labor force.

    In this question:

    Labor force: 189 million

    Number of unemployed people: 15 million

    What is the standard unemployment rate?

    15/189 = 0.0794

    The standard unemployment rate is of 0.0794 = 7.94%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What is ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers