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

17%
17 percent

10%
10 percent

83%

Answer 1

To calculate the unemployment rate, you use the following formula:

\[ \text{Unemployment Rate} = \left( \frac{\text{Number of Unemployed}}{\text{Total Labor Force}} \right) \times 100 \]

First, we need to find the number of unemployed individuals. This is calculated as:

\[ \text{Number of Unemployed} = \text{Total Labor Force} - \text{Total Employment} \]

From the table:

• Total Labor Force = 600
• Total Employment = 500

Now, we can calculate the number of unemployed:

\[ \text{Number of Unemployed} = 600 - 500 = 100 \]

Now we can calculate the unemployment rate:

\[ \text{Unemployment Rate} = \left( \frac{100}{600} \right) \times 100 = \frac{10000}{600} \approx 16.67% \]

Rounding this to the nearest whole percent gives us approximately 17%.

Therefore, the correct response is:

17%