Respuesta :
The unemployment rate is 6%
What is percentage?
"It is a number that can be expressed as a fraction of 100"
For given question,
Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed.
We need to find the unemployment rate.
The unemployment rate only takes into consideration people in the labor force.
There is 50 million people in the labor force with 47 million workers employed.
This means 3 million people are unemployed.
So, the unemployment rate would be,
[tex]=\frac{3}{50}\times 100 \\\\=0.06\times 100\\\\=6\%[/tex]
Therefore, the unemployment rate is 6 percent
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