Calculate unemployment rate if adult population of the nation is 800 people of which 450 people...

Question

Question

Calculate unemployment rate if adult population of the nation is 800 people of which 450 people are working and 30 are looking for working.

Answer 1

Answer #1

Answer:-

unemployment rate =(unemployed/labor force )*100
labor force =employed +unemployed

labor force =450+30

Labour Force= 480 People

Employed=450 People

Unemployed=Total Population -Labour force

=800-480=320

Unemployment rate =(unemployed/Total Population )*100

=(320/800)*100

=0.40*100=40%

Unemployment rate =40%

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Answer 2

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