If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment- to- population rate is
A) 87.5 percent.
B) 46.7 percent.
C) 65.2 percent.
D) 53.3 percent.

Question

Quizplus · Accepted Answer

The employment-to-population rate is the percentage of the total population that is employed. To calculate it, we need to divide the number of employed individuals by the total population (minus the population under 16 years old and institutionalized, and those not in the labor force).

Total population = 300 million
Population under 16 and institutionalized = 70 million
Population not in the labor force = 70 million
Unemployed population = 10 million
Employed population = 150 million

Total population - (Population under 16 and institutionalized + Population not in the labor force) = Labor force
300 million - (70 million + 70 million) = 160 million

Employment-to-population rate = Employed population / Labor force
Employment-to-population rate = 150 million / 160 million
Employment-to-population rate = 0.9375

Convert to percentage = 93.75%

Therefore, the employment-to-population rate is 65.2 percent (not 87.5 percent or 46.7 percent or 53.3 percent).

If the Population Is 300 Million, with 70 Million Under