Whats the right answer

Question

Use the table to answer the 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

83%
83 percent

10%
10 percent

17%

Answer 1

The unemployment rate can be calculated by dividing the number of unemployed individuals by the total labor force and then multiplying by 100.

Total unemployed = Total labor force - Total employment
Total unemployed = 600 - 500 = 100

Unemployment rate = (Total unemployed / Total labor force) * 100
Unemployment rate = (100 / 600) * 100
Unemployment rate = 16.67%

Rounded to the nearest whole percent, the unemployment rate is 17%.