Refer to the information provided in Table 7.1 below to answer the questions that follow.
Table 7.1
-Refer to Table 7.1. The employment rate is
A) 85.7%.
B) 83.3%.
C) 82.4%.
D) 75.0%.

Question

Refer to the information provided in Table 7.1 below to answer the questions that follow.
Table 7.1 
-Refer to Table 7.1. The employment rate is
A) 85.7%. 
B) 83.3%. 
C) 82.4%. 
D) 75.0%.

Quizplus · Accepted Answer

The employment rate is calculated by dividing the number of employed persons (70,000) by the total labor force (85,000) and multiplying by 100. Thus, the employment rate is (70,000/85,000) x 100 = 82.4%. Therefore, the correct answer is C.

Refer to the Information Provided in Table 7