If the Labor Force Is 20 Million and the Total

question 61

Multiple Choice

If the labor force is 20 million and the total employed is 18 million, what is the unemployment rate?

• A) 20%
• B) 18%
• C) 10%
• D) 2%

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Definitions:

Interest Rate

The rate at which interest is either incurred or earned for borrowing or lending money during a specific time frame.

Investment Purposes

The intent behind putting money into financial schemes, shares, property, or a commercial venture, aiming for a future financial return.

Vinegar

A sour liquid containing acetic acid, often used for culinary purposes like pickling and as a condiment.

Infinite Geometric Series

A sequence of numbers where each term after the first is found by multiplying the previous one by a fixed, non-zero number called the ratio; the sum approaches a finite limit if the absolute value of the ratio is less than 1.