9 December, 12:39
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?
9 December, 13:33
The unemployment rate is 8.3%
The formula for computing the unemployed rate is as follows:
Unemployed rate = Number of Unemployed persons / Labor Force
The labor force is the aggregate of the unemployed and the employed persons. So, through dividing the number of the persons who are unemployed through labor force.
In this case, it is computed as:
Number of unemployed persons is 0.25 million
Labor force = Population * Participation rate
= 4 million * 75%
Therefore, the unemployment rate is as:
Unemployment rate = 0.25 / 3
Know the Answer?
New Questions in Business
Which are ways that humans can lower biodiversity as they use the environment? CHECK ALL THAT APPLY
The opera station broadcasts at 90.5 MHz and the rock nroll station at 07.1 MHz which station's signal has waves with longer wavelengths and which one has higher energy
Solve 3 q - 5 = 13 for q. q =
Beth files a suit against Cruise Line, Inc. Cruise responds that it appears from the pleadings that the parties do not dispute the facts and the only question is how the law applies to those facts.
Which of the following was best compares an armistice to a peace treaty
Aqueous hydrochloric acid will react with solid sodium hydroxide to produce aqueous sodium chloride and liquid water. Suppose 34. g of hydrochloric acid is mixed with 9.30 g of sodium hydroxide.
How did the colonist use it to get more support for their rebellion
Is 7/8 greater than 3/4
What is the molar mass of C2H6O
True Flight Golf manufacturers a popular shaft for golf clubs. Its trade secret is a unique process for weaving high-tension wire into the center of the shaft such that energy is accumulated during the swing and released at impact.
» Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?