Total population=745000
Working age population=550000
Number employed=361000
Number of unemployed=19000
a. Using the above table, the employment rate is
A) 65.6 percent.
B) 48.5 percent.
. C) 95.0 percent
D) 69.1 percent.
The employment rate is calculated as the number employed divided by the working age population, multiplied by 100:
Employment rate = (Number employed / Working age population) x 100
Employment rate = (361000 / 550000) x 100
Employment rate = 65.6 percent
Therefore, the answer is A) 65.6 percent.
b. Using the above table, the unemployment rate X is
The unemployment rate is calculated as the number of unemployed divided by the working age population, multiplied by 100:
Unemployment rate = (Number of unemployed / Working age population) x 100
Unemployment rate = (19000 / 550000) x 100
Unemployment rate = 3.5 percent
Therefore, the answer is 3.5 percent.
To calculate the employment rate, we need to divide the number employed by the working age population and then multiply the result by 100 to convert it to a percentage.
Employment rate = (Number employed / Working age population) * 100
Plugging in the given values, we get:
Employment rate = (361000 / 550000) * 100 = 65.6 percent
Therefore, the correct answer is A) 65.6 percent.