Q.1.4 Out of 20 million people in the population, 9 million people are in the labour force and 3 million are unemployed, therefore the unemployment rate is: (1) 3 percent. (2) 15 percent. (3) 30 percent. (4) 33,3 percent.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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Q.1.4 Out of 20 million people in the population, 9 million people are in the labour force
and 3 million are unemployed, therefore the unemployment rate is:
(1) 3 percent.
(2) 15 percent.
(3) 30 percent.
(4) 33,3 percent.

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