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In an​ economy, the​ working-age population is 100 million.
Of this​ total,


80 million workers are employed.

3 million workers are unemployed.

14 million workers are not available for work​ (homemakers, full-time​ students, etc.).

2 million workers are available for work but are discouraged and thus are not seeking work.

1 million workers are available for work but are not currently seeking work due to transportation or childcare problems.



The unemployment rate in this economy is ___ %

Respuesta :

Answer:

3.6%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,  

Number of unemployed workers = 3 million

And, The labor force = 80 million + 3 million = 83 million

Now the unemployment rate is

= (3 million) ÷ (83 million)

= 3.6%

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