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Refer to the scenario to answer questions A and B A government worker surveys a number of households and comes up with the fo

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Answer #1

Question 8

(A)

Employed = Number of people having full time jobs + Number of people having part time jobs

Employed = 38 + 5 = 43

The number of employed is 43

Unemployed = People who had no jobs but were looking for jobs

Unemployed = 10

The number of unemployed is 10

Labor force = Number of employed + Number of unemployed

Labor force = 43 + 10 = 53

Calculate the unemployment rate -

Unemployment rate = [Number of unemployed/Labor force] * 100

Unemployment rate = [10/53] * 100

Unemployment rate = 18.87%

The unemployment rate is 18.87%

(B)

Calculate the number of people that are not in labor force but work eligible -

Number of people that are not in labor force but work eligible = Stay at home parents + Full time students over the age of 16 + People who wanted jobs but were not looking for a job

Number of people that are not in labor force but work eligible = 8 + 10 + 5 = 23

Thus,

The number of people that are not in labor force but work eligible is 23

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