If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?

A 0.4%
B 40.0%
C 10.0%
D 4.0%

jamb 2001 economics

The correct answer is B. 40.0%

No explanation given

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