- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 11. Understanding Business Cycles
- Subject 6. Unemployment
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 ______.
B. 16.7 million
C. 16.7%
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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