CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

If the labor force is 100 million and the number of people who are looking for jobs but cannot find them is 6 million, the unemployment rate is ______.

A. 6%
B. 16.7 million
C. 16.7%
Correct Answer: A

To calculate the unemployment rate, divide the number of people who are unemployed (6) by the labor force (100) and multiple by 100. This equals 6/100*100 = 6%.

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