If Labour Force Participation Rate (LFPR) is 50% and Worker Population Ratio (WPR) is 45%, what is the Unemployment Rate ?
- A.5%
- B.10%
- C.15%
- D.Cannot be determined
Show answer
The unemployment rate is the share of the labour force that has no work, so it is worked out as (LFPR − WPR) ÷ LFPR × 100.
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