Homework Answers
Option 'D' is correct.
Unemployed rate =
(Unemployed People)/(Labor Force) *100%
Here,
Unemployed People : Labor Force - Employed Population = 160million - 153 million = 7 million
And , Labor Force : 160 million
Therefore, Unemployment rate =
7 million /160million *100% = 4.375% (4.37% on rounding off to second decimal place)
Hence Option 'D' is correct
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