14
QuizMultiple Choice

Investment Opportunities — Test

Question 14 • Advanced Financial Algebra

A country's labor force is 50 million, and 3 million of those people are unemployed. What is the unemployment rate if another 2 million people lose their jobs?

Answer
A
6%
B
8%
C
12%
D
10%

Explanation

After 2 million more people lose their jobs, the number unemployed is 3 million + 2 million = 5 million. The unemployment rate is unemployed people divided by the labor force: 5 million ÷ 50 million = 0.10, or 10%. The correct choice is 10%.

AI-written and checked against the verified answer.

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