Question

Given the following information for the country of Atlantis, determine the total number of people unemployed.Adult Population (over the age of 16) = 219 millionPercentage of people in the labor force = 86.7Unemployment rate = 5.9%Enter your answer in millions of people, with one digit to the right of the decimal (for example, 24.9). Do NOT include the word "million" (or any words) in your answer.

Answer 1

Solution:

Remember the following definitions:

Labour force: the sum of employed and unemployed people.

Unemployment rate: the percentage of people in the labour force that are unemployed.

According to that, we get the following equation:

EQUATION 1:

note that in this case, the labour force is :

$219x10^6\text{ x (0.867)=}189873000$

then, replacing the above value and the unemployment rate into equation 1, we get:

$5.9\text{ = }\frac{\text{unemployed}}{189873000}\text{ x 100}$

solving for unemployed, we get:

$\text{unemployed = }\frac{(5.9)(189873000)}{100}\text{ = 11202507}$

We can conclude that the correct answer is:

$\text{unemployed = 11202507}$