JAMB Economics 2008 Objective — Question 49
Question 49 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.
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If the active population is 50 million and unemployed is 5 million, what is the unemployment rate?
- A. 10%Correct
- B. 45%
- C. 55%
- D. 90%
Explanation
Unemployment rate = (5/50) x 100 = 10%.
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