Exhibit 6-2 Civilian Civilian Employed Noninstitutional Labor Force Persons Year Population (millions) (millions) (millions) 1 250...
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. |
Homework Answers
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).
Add Answer to:
Exhibit 6-2
Civilian
Civilian
Employed
Noninstitutional
Labor Force
Persons
Year
Population (millions)
(millions)
(millions)
1
250...
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