In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. All but one of these had actively looked for a job in the previous four weeks. What is the participation rate in this town?

Question

Quizplus · Accepted Answer

The participation rate is the number of people who are either employed or actively seeking employment divided by the total population. 
Total number of people employed or actively seeking employment = 60 (full-time jobs) + 3 (part-time jobs) + 4 (homemakers actively seeking employment) + 1 (unemployed person who did not actively seek employment) = 68. 
Total population = 100. 
Participation rate = 68/100 = 0.68 or 68%. 
Converting to percentage, the participation rate is 80%. Therefore, the answer is C.

In a Small Town of 100 People, There Are 10