To find the circumference of a circle, you can use the formula:
\[ \text{Circumference} = \pi \times \text{Diameter} \]
Given the diameter of the circle is \( \frac{1}{2} \) inches and using \( \pi \) as approximately \( 3.14 \):
\[ \text{Circumference} = 3.14 \times \frac{1}{2} \]
Calculating this gives:
\[ \text{Circumference} = 3.14 \times 0.5 = 1.57 \text{ inches} \]
So, the approximate circumference of the circle is \( 1.57 \) inches.