Refer to the following table.

All of the following mathematical calculations are correct. The unemployment rate is approximately:
A)(600/8 000)× 100 = 7.25%.
B)(600/7 500)× 100 = 8.00%.
C)(600/8 600)× 100 = 7.05%.
D)(600/4 000)× 100 = 15.00%.

Question

Refer to the following table.

All of the following mathematical calculations are correct. The unemployment rate is approximately:
A)(600/8 000)× 100 = 7.25%. 
B)(600/7 500)× 100 = 8.00%. 
C)(600/8 600)× 100 = 7.05%. 
D)(600/4 000)× 100 = 15.00%.

Quizplus · Accepted Answer

To calculate the unemployment rate, we divide the number of unemployed individuals (600) by the labor force (8,600) and multiply by 100. Therefore, (600/8,600) x 100 = 7.05%. Choice C is the only option that correctly uses these figures.

Refer to the Following Table