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.

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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