The following information applies to an economy:
| Total population | 1,100 |
| Working age population | 975 |
| Labor force | 750 |
| Underemployed | 120 |
| Unemployed | 95 |
| Discouraged workers | 80 |
| Frictionally unemployed | 25 |
| Voluntarily unemployed | 40 |
The unemployment rate in the economy is closest to:
B is correct. Unemployment rate =