Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

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
WHAT IS THE ANSWER HELP lol

Sagot :

Answer:B. 17%

A.83%

B.17%

C.20%

D.10%

Lanuel

The unemployment rate in this hypothetical country is equal to 17%.

How to calculate unmployment rate.

First of all, we would determine the percentage of people that are employed and then subtract this percentage from the total percentage of 100%.

The table below gives the complete information about the population and employment numbers for a hypothetical country:

  • Total population = 1,000
  • Total population over 16 years of age = 800
  • Total labor force = 600
  • Total employment = 500

Mathematically, employment rate can be calculated by using this formula:

[tex]Employment\;rate = \frac{Employed}{Labor\;force} \times 100\\\\Employment\;rate =\frac{500}{600} \times 100\\\\[/tex]

Employment rate = 83.3 ≈ 83%.

For the unemployment rate, we have:

Unemployment rate = 100 - 83

Unemployment rate = 17%.

Read more on unemployment here: https://brainly.com/question/734393

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.