Refer to the following table. $$\begin{array} { | l | r | }
\hline \text { Status } & \text { Persons } \
\hline \text { Employed } & 8000 \
\hline \text { Unemployed } & 600 \
\hline \text { Not in the labour } & \
\text { force } & 4000 \
\hline
\end{array}$$ All of the following mathematical calculations are correct.The unemployment rate is approximately

Question

Refer to the following table. $$\begin{array} { | l | r | } 
\hline \text { Status } & \text { Persons } \
\hline \text { Employed } & 8000 \
\hline \text { Unemployed } & 600 \
\hline \text { Not in the labour } & \
\text { force } & 4000 \
\hline
\end{array}$$ All of the following mathematical calculations are correct.The unemployment rate is approximately

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the total labor force, then multiplied by 100. From the table, we can see that the total labor force is 8,600 and the number of unemployed individuals is 600. Therefore, the unemployment rate is (600/8,600) x 100, which equals approximately 7.05%. Choice C is the only option that matches this calculation.

Refer to the Following Table All of the Following Mathematical Calculations Are Correct