The table below shows employment data for the country of Gerbilville.
\begin{tabular}{ll}
Status & $\#$ of people \
\hline Adult population & 1,000 \
Employed & 600 \
Not working but seeking employment & 150 \
Not working and not seeking employment & 250
\end{tabular}

Which of the following calculations correctly determines the unemployment rate in Gerbilville?

Choose 1 answer:
(A) $\frac{150}{750} imes 100=20 \%$
(B) $\frac{600}{1,000} imes 100=60 \%$
(c) $\frac{150}{1,000} imes 100=15 \%$
(D) $\frac{250}{1,000} imes 100=25 \%$
() $\frac{150}{600} imes 100=25 \%$
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Question

The table below shows employment data for the country of Gerbilville.
\begin{tabular}{ll} 
Status & $\#$ of people \
\hline Adult population & 1,000 \
Employed & 600 \
Not working but seeking employment & 150 \
Not working and not seeking employment & 250
\end{tabular}

Which of the following calculations correctly determines the unemployment rate in Gerbilville?

Choose 1 answer:
(A) $\frac{150}{750} 	imes 100=20 \%$
(B) $\frac{600}{1,000} 	imes 100=60 \%$
(c) $\frac{150}{1,000} 	imes 100=15 \%$
(D) $\frac{250}{1,000} 	imes 100=25 \%$
() $\frac{150}{600} 	imes 100=25 \%$
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Accepted Answer

∻Solution by Steps∻ ‖ step 1 ⋮ Identify the relevant data for calculating the unemployment rate: the number of people not working but seeking employment and the labor force (the sum of employed and those not working but seeking employment). ‖ ‖ step 2 ⋮ Calculate the labor force: $Labor\ Force = Employed + Not\ working\ but\ seeking\ employment = 600 + 150 = 750$. ‖ ‖ step 3 ⋮ Calculate the unemployment rate using the formula: $Unemployment\ Rate = \frac{Not\ working\ but\ seeking\ employment}{Labor\ Force} imes 100$. ‖ ‖ step 4 ⋮ Substitute the values into the formula: $Unemployment\ Rate = \frac{150}{750} imes 100 = 20\%$. ‖ ∻Answer∻ ***A*** ∻Key Concept∻ ⚹Unemployment Rate Calculation⚹ ∻Explanation∻ ⚹The unemployment rate is calculated by dividing the number of unemployed individuals actively seeking employment by the total labor force and then multiplying by 100 to get a percentage.◊What is the formula to calculate the unemployment rate in Gerbilville based on the provided employment data?⍭ Generate me a similar question◊⚹

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