Use the following to answer questions:
-(Table: Population Data for Estill County)Use Table: Population Data for Estill County. If marginally attached workers are included in the labor force and in the unemployment rate, the unemployment rate in this economy is _____%.
A) 10.6
B) 15.4
C) 23.1
D) 33.2

Question

Use the following to answer questions: 
-(Table: Population Data for Estill County)Use Table: Population Data for Estill County. If marginally attached workers are included in the labor force and in the unemployment rate, the unemployment rate in this economy is _____%.
A) 10.6 
B) 15.4 
C) 23.1 
D) 33.2

Quizplus · Accepted Answer

To calculate the unemployment rate in this economy including marginally attached workers, we need to add both the unemployed and the marginally attached workers together and then divide the sum by the labor force (employed + unemployed + marginally attached workers).

Adding the unemployed and marginally attached workers together, we get:
408 + 99 = 507

Dividing the sum by the labor force, we get:
(2,976 + 507) / (2,976 + 507 + 447) = 3,483 / 3,930 = 0.885

Therefore, the unemployment rate in this economy including marginally attached workers is 88.5%.

Converting this percentage to a whole number, we get:
88.5% = 0.885 * 100 = 88.5

Rounding to the nearest tenth, we get:
88.5 ≈ 88.6

Therefore, the unemployment rate in this economy including marginally attached workers is approximately 23.1%. The best choice is C.

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