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econ

1).The unemployment rate inan economy is 8%. The total population of the economy is 250, and the size of te civilian labor force is 150. The number of employed workers in this economy is _20. (IS THIS CORRECT)

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  1. If eight percent of 150 workers is unemployed,then 92 percent of 150 must be employed, as I understand it.

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    bobpursley
  2. no that can't be 8% of 150 is 12, so how can that BE.

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  3. Please check the wording of your question. It's impossible to have only 20 people employed in this economy.

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  4. The unemployment rate in an economy is 8%. The total population of the economy is 250 million, and the size of the civilian labor force is 150 million. The number of employed workers in this economy is ?

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  5. 150 * 0.8 = 12

    12 are unemployed. Therefore 138 are employed.

    Or as Bobpursley stated:

    0.92 * 150 = 138

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