If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals: a)32%. b)25%. c)20%. d)8%.
Added by Jose Angel B.
Step 1
Step 1: Calculate the total number of employed and unemployed persons: Total number of employed persons = 24 million Total number of unemployed persons = 8 million Total number of employed and unemployed persons = 24 million + 8 million = 32 million Show more…
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