Whats the right answer
Use the table to answer the question.
Total Population 1,000
Total Population Over 16 Years of Age 800
Total Labor Force 600
Total Employment 500
The table above gives population and employment numbers for a hypothetical country. What is the unemployment rate in this country? Round your answer to the nearest whole percent if necessary.
(1 point)
Responses
20%
20 percent
83%
83 percent
10%
10 percent
17%
The unemployment rate can be calculated by dividing the number of unemployed individuals by the total labor force and then multiplying by 100.
Total unemployed = Total labor force - Total employment
Total unemployed = 600 - 500 = 100
Unemployment rate = (Total unemployed / Total labor force) * 100
Unemployment rate = (100 / 600) * 100
Unemployment rate = 16.67%
Rounded to the nearest whole percent, the unemployment rate is 17%.
To calculate the unemployment rate, we need to find the total number of unemployed individuals.
Total number of unemployed individuals = Total Labor Force - Total Employment
Total number of unemployed individuals = 600 - 500
Total number of unemployed individuals = 100
Now we can calculate the unemployment rate:
Unemployment rate = (Total number of unemployed individuals / Total Labor Force) * 100
Unemployment rate = (100 / 600) * 100
Unemployment rate = 16.67
Rounding to the nearest whole percent, the unemployment rate is 17%.
Therefore, the correct answer is 17%.
To find the unemployment rate, you need to calculate the percentage of the labor force that is unemployed. The formula for unemployment rate is:
Unemployment Rate = (Total Unemployed / Total Labor Force) x 100
In the given table:
Total Labor Force = 600
Total Employment = 500
To find Total Unemployed, subtract Total Employment from Total Labor Force:
Total Unemployed = Total Labor Force - Total Employment
Total Unemployed = 600 - 500 = 100
Now, plug the values into the formula to find the unemployment rate:
Unemployment Rate = (Total Unemployed / Total Labor Force) x 100
Unemployment Rate = (100 / 600) x 100
Unemployment Rate = (1/6) x 100
Unemployment Rate = 16.67
Round the answer to the nearest whole percent, which would be 17%.
Therefore, the correct answer is 17%.