- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 15. Understanding Business Cycles
- Subject 3. Unemployment
CFA Practice Question
The civilian population (age 16 and over) of country A is 100 million; 5 million are unemployed and 55 million hold jobs. What is the rate of unemployment of this country?
A. 8.33%
B. 9.09%
C. 5%
Explanation: The unemployment rate is: 5 million/(5 million + 55 million) = 8.33%.
User Contributed Comments 1
User | Comment |
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farhan92 | i did 5/55 -.- |