Ask Question
29 April, 11:09

In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted jobs. What is the unemployment rate in this town? A. 10.0%B. 11.0%C. 13.7 %D. 14.5%

+5
Answers (1)
  1. 29 April, 13:06
    0
    C. 13.7

    Explanation:

    First, we look for the unemployees who seek and want a job

    100 people

    -10 U-16

    -10 retired

    -63 employeed

    - 7 unemployeed but not seeking for job

    10 unemployeed who wants and seeks for a job.

    unemployement rate: unemployes / labor force

    where:

    labor force = employees + unemployees

    10 + 63 = 73

    unemployement rate = 10/73 = 0.136986 = 0.137
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers