1 asurvey of 200000 people finds 76300 employed...

A survey of 200,000 people finds 76,300 "employed," 6,640 "unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers? 8.7 percent 3.3 percent 8.0 percent 5.7 percent

Transcript

00:01 Hello students, we are given a question here.

00:02 A survey of 2 ,000 people finds 76 ,300 employed, 6 ,640 unemployed, and the remaining of 1 ,070 ,1 ,060, not in the labor force.

00:18 What is the unemployment rate derived from these numbers? so we are supposed to know that here, it is a proper concept -based question.

00:26 As we are supposed to know that, the unemployment rate is, unemployment rate is equal to the number of people number of people students unemployment unemployed number of people unemployed divided by here we can just write divided by the labor force labor force and times hundred okay students so basically now we can put our values so basically first of all what we need to calculate we need to calculate labor force so labor force is equal to the employed workers employed workers okay students plus unemployed workers because we need to go for the combined value okay because these are the value which are able to work but which includes employed plus unemployed so employed workers are given as here 76 ,300 76 300 plus unemployed workers are given as 6600 40 6060 students so what we will get here when we solve it see we can just say the 0 plus 0 0 plus 4 it means 4 6 plus 3 it means 9 6 plus 6 it will be 12 there will be 2 and the power will be 1 so basically 7 7 plus 1 2 so 82 940 are is the labor force now we need to calculate unemployment rate unemployment rate okay students so it is equal to number of people unemployed which are given as 6600 40 divided by labor force we have calculated which is 82 ,940 times 100.

02:42 Okay students as we can see that zero will be cancelled out by zero.

02:47 What we will get here when we solve it now we will go for the calculation...

Question

A survey of 200,000 people finds 76,300 "employed," 6,640 "unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers? 8.7 percent 3.3 percent 8.0 percent 5.7 percent

Please give Ace some feedback