A survey reveals that, on a small island, 1,000 people have jobs, 200 people don't have jobs but are looking for jobs, and 200 people are neither working nor looking for work. The unemployment rate on the island is _____%.

Question

Quizplus · Accepted Answer

To calculate the unemployment rate, we need to divide the number of people who don't have jobs but are looking for jobs by the total labor force (people who have jobs + people who don't have jobs but are looking for jobs).

In this case, the total labor force is 1,000 + 200 = 1,200.

So, the unemployment rate is: 
200 / 1,200 = 0.1667

Therefore, the unemployment rate is 16.67%, which corresponds to choice B.

A Survey Reveals That, on a Small Island, 1,000 People