Use the table to answer the question.

Question

Total Population 1,000
Total Population Over 16 Years of Age 800
Total Labor Force 600
Total Employment 500
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.

(1 point)
Responses

20%
20 percent

10%
10 percent

83%
83 percent

17%

Answer 1

To calculate the unemployment rate, we use the formula:

\[ \text{Unemployment Rate} = \left( \frac{\text{Total Labor Force} - \text{Total Employment}}{\text{Total Labor Force}} \right) \times 100 \]

From the table, we have:

• Total Labor Force = 600
• Total Employment = 500

Now, we can calculate the number of unemployed individuals:

\[ \text{Unemployed} = \text{Total Labor Force} - \text{Total Employment} = 600 - 500 = 100 \]

Next, we can substitute into the unemployment rate formula:

\[ \text{Unemployment Rate} = \left( \frac{100}{600} \right) \times 100 \approx 16.67% \]

Rounding to the nearest whole percent gives us:

\[ \text{Unemployment Rate} \approx 17% \]

Therefore, the unemployment rate in this country is 17%.