Asked by Anonymous

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)


Answered by bobpursley
If eight percent of 150 workers is unemployed,then 92 percent of 150 must be employed, as I understand it.
Answered by Anonymous
no that can't be 8% of 150 is 12, so how can that BE.
Answered by Ms. Sue
Please check the wording of your question. It's impossible to have only 20 people employed in this economy.
Answered by Anonymous
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 ?
Answered by Ms. Sue
150 * 0.8 = 12

12 are unemployed. Therefore 138 are employed.

Or as Bobpursley stated:

0.92 * 150 = 138
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