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)
5 answers
If eight percent of 150 workers is unemployed,then 92 percent of 150 must be employed, as I understand it.
no that can't be 8% of 150 is 12, so how can that BE.
Please check the wording of your question. It's impossible to have only 20 people employed in this economy.
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 ?
150 * 0.8 = 12
12 are unemployed. Therefore 138 are employed.
Or as Bobpursley stated:
0.92 * 150 = 138
12 are unemployed. Therefore 138 are employed.
Or as Bobpursley stated:
0.92 * 150 = 138