To find the approximate circumference of a circle, you can use the formula:
\[ \text{Circumference} = \pi \times \text{diameter} \]
Using 3.14 to approximate \(\pi\) and a diameter of \( \frac{1}{2} \) inch, we can substitute the values into the formula:
\[ \text{Circumference} = 3.14 \times \frac{1}{2} \]
Now, calculating the multiplication:
\[ \text{Circumference} = 3.14 \times 0.5 = 1.57 \text{ inches} \]
So, the approximate circumference of the circle is \( \text{1.57 inches} \).