Question

Exhibit 6-2

Civilian

Civilian

Employed

Noninstitutional

Labor Force

Persons

Year

Population (millions)

(millions)

(millions)

1

250

200

175

2

400

300

200

3

500

400

350

4

1000

800

720




Refer to Exhibit 6-2. The employment rate in year 2 is

a) 12 1/2 percent.
b) 75 percent.
c) 87 1/2 percent.
d) 30 percent.
e) 50 percent.
0 0
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Answer #1


Civilian non-institutional population in Year 2 = 400 million

Employed in Year 2 = 200 million

Calculate the Employment rate -

Employment rate = (Employed/Civilian non institutional population) * 100

Employment rate = (200 million/400 million) * 100

Employment rate = 50%

The employment rate in Year 2 is 50 percent.

Hence, the correct answer is the option (e).

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