Use the following information to answer the following questions.
$ \begin{array}{lr}\text { Homemakers } & 55,000 \ \text { Retired Persons } & 25,000 \ \text { College Students } & 32,000 \ \text { Part-time Workers } & 39,120 \ \text { Full-time Workers } & 523,700 \ \text { Persons 16 years of age and older actively seeking employment } & 23,680 \ \text { Individuals on strike } & 5,500\end{array} $
-Refer to Homemakers. The unemployment rate is:

Question

Use the following information to answer the following questions.
 $ \begin{array}{lr}\text { Homemakers } & 55,000 \ \text { Retired Persons } & 25,000 \ \text { College Students } & 32,000 \ \text { Part-time Workers } & 39,120 \ \text { Full-time Workers } & 523,700 \ \text { Persons 16 years of age and older actively seeking employment } & 23,680 \ \text { Individuals on strike } & 5,500\end{array} $
-Refer to Homemakers. The unemployment rate is:

Quizplus · Accepted Answer

The unemployment rate for Homemakers can be calculated as (number of Homemakers seeking employment / total number of Homemakers) x 100. Therefore, the unemployment rate for Homemakers is (0 / 55,000) x 100 = 0 percent. Since the question asks for the unemployment rate, the correct answer is D) 4 percent, which is the overall unemployment rate for persons 16 years of age and older actively seeking employment.

Use the Following Information to Answer the Following Questions -Refer to Homemakers