Question

What was the approximate number of unemployed persons in 2006?

• A. 100 million
• B. 102 million
• C. 98 million
• D. 105 million
• E. 104 million

Hint:

To calculate absolute numbers from rates, always combine with total population (or labor force if provided). When per capita GDP and GDP are known, population can be found as \( \textPopulation = \frac\textGDP\textPer capita GDP\).

Answer 1

The Correct Option is A

Step 1: Find population in 2006.
Per capita GDP in 2006 = Rs \(36553.93\).
GDP in 2006 = Rs \(41159.73\) billion.
So population \[ = \frac{\text{GDP}}{\text{Per capita GDP}} = \frac{41159.73 \times 10^9}{36553.93} \approx 1.126 \times 10^9 = 1126\ \text{million}. \] Step 2: Find labor force size.
Unemployment rate in 2006 = \(8.9%\). This means \[ \text{Unemployed persons} = \frac{8.9}{100} \times \text{Labor force}. \] Assuming labor force \(\approx\) population, unemployed \[ \approx 0.089 \times 1126 \approx 100.2\ \text{million}. \] Step 3: Rounded, this gives approximately \(100\) million unemployed persons. Thus, the answer is \(\boxed{100\ \text{million}}\).