If the Number of Unemployed Workers Is 200 Million,and the Number

question 61

Multiple Choice

If the number of unemployed workers is 200 million,and the number in the labor force is 500 million,what is the unemployment rate?

• A)0.4%
• B)4%
• C)14%
• D)40%

---

Definitions:

Edmonton

The capital city of Alberta, Canada, known for its vibrant culture and as the gateway to the North.

Holding Cost

The expenses associated with storing unsold goods or materials, including warehousing, insurance, spoilage, and opportunity costs.

Per Month

A time frame or period used to measure or track events on a monthly basis.

Holding Cost Rate

The expense associated with storing unsold goods or materials over a period.