If the active population is 50 million and unemployed is 5 million what is the unemployment rate?

  • A 10%
  • B 45%
  • C 55%
  • D 90%
jamb 2008economics

The correct answer is A. 10%

Unemployment rate id given as;

Number of unemployed people 

   Total active population

\(\frac{5}{50}\) X 100 = 10%

Previous question Next question