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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

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