# 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)

1. 👍
2. 👎
3. 👁
4. ℹ️
5. 🚩
1. If eight percent of 150 workers is unemployed,then 92 percent of 150 must be employed, as I understand it.

1. 👍
2. 👎
3. ℹ️
4. 🚩
👤
bobpursley
2. no that can't be 8% of 150 is 12, so how can that BE.

1. 👍
2. 👎
3. ℹ️
4. 🚩
3. Please check the wording of your question. It's impossible to have only 20 people employed in this economy.

1. 👍
2. 👎
3. ℹ️
4. 🚩
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 ?

1. 👍
2. 👎
3. ℹ️
4. 🚩
5. 150 * 0.8 = 12

12 are unemployed. Therefore 138 are employed.

Or as Bobpursley stated:

0.92 * 150 = 138

1. 👍
2. 👎
3. ℹ️
4. 🚩

## Similar Questions

Still need help? You can ask a new question.