If the labour force in a given community is 2,000,000. the wage employment 200,000 and the unemployed are \(80.000\), what is the unemployment rate in the community?
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Correct Answer: Option D
Explanation:
$$
\begin{aligned}
\text { Unemployment rate } &=\frac{\text { Unemployed }}{\text { labour force }} \times \frac{100}{1} \\
&=\frac{80,000}{2000000} \times \frac{100}{1} \\
&=4.0 \%
\end{aligned}
$$
$$
\begin{aligned}
\text { Unemployment rate } &=\frac{\text { Unemployed }}{\text { labour force }} \times \frac{100}{1} \\
&=\frac{80,000}{2000000} \times \frac{100}{1} \\
&=4.0 \%
\end{aligned}
$$