15
practice testMultiple Choice

Practice Test

Question 15 • Advanced Financial Algebra

A country has a labor force of 10 million people, of which 9.2 million are employed. Based on this scenario, what is the unemployment rate?

Answer
A
12 percent
B
9 point 2 percent
C
0 point 8 percent
D
8 percent

Explanation

The number of unemployed people is 10 million minus 9.2 million, which equals 0.8 million. The unemployment rate is unemployed people divided by the labor force: 0.8 ÷ 10 = 0.08, or 8 percent. So the correct choice is C, 8 percent.

AI-written and checked against the verified answer.

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