Labor Stats
The Labor Market
This table shows the 2003 data for males and females ages 16 and over in the imaginary country of Meditor.

-Refer to Labor Stats.What is the adult male unemployment rate in Meditor?
A)3.70%
B)4.00%
C)5.56%
D)5.88%

Question

Labor Stats
The Labor Market
This table shows the 2003 data for males and females ages 16 and over in the imaginary country of Meditor.
 
-Refer to Labor Stats.What is the adult male unemployment rate in Meditor?
A)3.70% 
B)4.00% 
C)5.56% 
D)5.88%

Quizplus · Accepted Answer

To calculate the adult male unemployment rate, we need to divide the number of unemployed adult males by the total number of adult males in the labor force (which includes both employed and unemployed individuals). From the table, we can see that the number of unemployed adult males is 400 and the total number of adult males in the labor force is 7,200. Therefore, the unemployment rate is (400/7200) x 100 = 5.56%. Therefore, the correct answer is C.

Labor Stats The Labor Market