The unemployment rate in an economy is 6% and it has 300,000 people employed. Calculate the number of unemployed population.

Labour force = unemployed person + employed person

Unemployment rate = unemployed person / (unemployed person + employed person) * 100%

6% = unemployed person / (unemployed person + 300,000) * 100%

0.06 * unemployed person + 18,000 = unemployed person

18,000 = (1 - 0.06) unemployed person

unemployed person = 18,000 / (1 - 0.06) = 19,149