If a Country's Population (Age 16 and Over) Is 50

Multiple Choice

If a country's population (age 16 and over) is 50 million, with 2 million unemployed and 23 million currently holding jobs, the

A) unemployment rate is 4 percent, and the labor force participation rate is 46 percent.
B) unemployment rate is 8.0 percent, and the labor force participation rate is 50 percent.
C) unemployment rate is 4 percent, and the labor force participation rate is 50 percent.
D) unemployment rate is 8.7 percent, and the labor force participation rate 50 percent.