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17-01-2020
Business

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suppose the labor force is 156 million of the possible 242 million working age adults. the total number of unemployment is 15 million. what is the standard unecmployment rate?

Respuesta :

andromache andromache

18-01-2020

Answer:

6.19%

Explanation:

The formula to compute the standard unemployment rate is presented below:

Standard unemployment rate = (total number of unemployment ÷ labor force) × 100

= (15 million ÷ 242 million) × 100

= 6.19%

We multiplied the total number of unemployment by the labor force so that the approximate standard unemployment rate can come.

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