Questions a & b refer to the following information: The small town of East MacNe
ID: 1204412 • Letter: Q
Question
Questions a & b refer to the following information: The small town of East MacNeil has 1000 residents age 16 or older. During the survey week, 200 adult residents did not work—20 workers were home sick from their jobs, 10 shopkeepers were unable to open their stores due to bad weather, 50 were actively seeking work (25 others had previously given up), and the others were either full-time students or home-makers. Of the 800 at work, 80 worked part-time but would have preferred full-time work.
The size of the labor force in East MacNeil is:
a. 800 persons c. 880 persons
b. 850 persons d. 1000 persons
The official unemployment rate in East MacNeill is:
a. 6.25% c. 5.68%
b. 10% d. 5%
Explanation / Answer
A) The size of the labour force in East Macneil is (c) 880 persons
800 ( at work) + 20 ( workers home sick) + 10 ( shopkeepers were unable to open their stores due to bad weather) + 50 ( actively seeking work) = 880
B). The official unemployment rate in East Macneill is (c) 5.68%
Unemployment rate= No of unemployed persons / labour force X 100
= 50 / 880 X 100
= 5.68%
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