refer to the following information: The small town of East MacNeil has 1000 residents age 16 or older. During the survey week, 200 adult residents did not work—20 workers were home sick from their jobs, 10 shopkeepers were unable to open their stores due to bad weather, 50 were actively seeking work, 25 others had previously given up actively looking, and the others were either full-time students or home-makers. Of the 800 at work, 80 worked part-time but would have preferred full-time work.
-The official unemployment rate in East MacNeil is:

Question

refer to the following information:  The small town of East MacNeil has 1000 residents age 16 or older.  During the survey week, 200 adult residents did not work—20 workers were home sick from their jobs, 10 shopkeepers were unable to open their stores due to bad weather, 50 were actively seeking work, 25 others had previously given up actively looking, and the others were either full-time students or home-makers.  Of the 800 at work, 80 worked part-time but would have preferred full-time work.
-The official unemployment rate in East MacNeil is:

Quizplus · Accepted Answer

The total number of unemployed individuals is the sum of those who were actively seeking work and those who had given up actively looking, which is 50 + 25 = 75. Therefore, the number of employed individuals is 800 - 75 = 725. The labor force is the sum of the employed and unemployed individuals, which is 725 + 75 = 800. The unemployment rate is the number of unemployed individuals divided by the labor force, which is 75/800. Simplifying the fraction, we get 15/160, which further simplifies to 3/32. Therefore, the official unemployment rate in East MacNeil is 50/880, which is closest to 3/32. Therefore, the best choice is C.

Refer to the Following Information: the Small Town of East