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In a certain country, the labor force is 30 million and the unemployment rate is 5 percent. what is the amount of unemployed individuals in this country?

a.15 million

b.15,000

c.150,000

d.1.5 million

Verified Answer :

dellyella

the answer is D . 1.5 million

amniotecardamom

The labor force of a country is the sum of the working people, whether employed or not, that is, it excludes retirees, children and people who are out of necessity.

The unemployment rate of a country is the percentage of the workforce that is unemployed.

In this case the workforce is 30 million people and the unemployment rate is 5%.

In this way, the number of unemployed is 5/100 x 30,000,000 = 1,500,000 people which is the same of 1,5 million people.

The fourth answer is correct (D).

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