The U.S. unemployment rate was 5.0 percent in December 2015,_percentage point(s)

Question

The U.S. unemployment rate was 5.0 percent in December 2015,_percentage point(s) (or-percent) lower/higher (circle one) than the Rl unemployment rate that month. (Do the calculations.) Consider an 8-acre lot available for residential development. Suppose that each housing unit will occupy one-fifth of an acre. How many units will be developed Suppose instead (i.e., ignore previous assumptions) that each housing unit will occupy one-sixth of an acre. How many units will be developed How many more or fewer units will be developed under (b) as compared to (a) (Number and percent please.) Suppose that 25 percent of the housing units must be "affordable" for low-income families and available only to low income families. How many "affordable" units will be available under the plan in (a)

Explanation / Answer

1) 2015 RI unemployment rate is 5.1%

or 0.1% higher

2)

a) 5 per acre * 8 acres = 40 units

B) 6 per acre * 8 acres = 48 units

C) 8 more units 48-40 = 8

D) 25% must be affordable so 25% of 40 is 10

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