Question

QUESTION 35 Use the following table to answer question 2020 Labor Data for USA 20,000 8,000 1,600 1,000 400 Number of adults Number of adults who are paid employees Number of adults who work in their own businesses Number of adults who are unpaid workers in a family member's business Number of adults who were temporarily absent from their jobs because of COVID-19 Number of adults who were waiting to be recalled to a job from which they had been laid off Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks Number of adults who are full-time students Number of adults who are homemakers or retirees 200 1,400 780 3,000 3,620 Which of the following is not correct? A. LFP rate - 63.0% B. U-3 rate = 12.796 C. Employment rate = 87.3% D. Employment-to-population ratio - 15.9%

Answer 1

Answer:

D. Employment to population ratio

reason: Employment to population ratio is calculated as : [(Number of employed population)/ (Number of total adult population)]*100 = (11,000/ 20,000) *100 = 55%
This result does not match with the given option.

Other options are right:

A. LFP rate = (12,600/ 20,000)*100 = 63%
B. U-3 rate = (1600/12600)*100 = 12.69 or 12.7%
C. Employment rate = (11000/ 12,600)*100 = 87.3%