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16 April, 21:56

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%

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  1. 16 April, 22:15
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    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
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