Answer:
The right solution is:
(a) 120
(b) 20%
Explanation:
Given that,
Full time employed,
= 75
Part time employed,
= 25
Total unemployed,
= 20
(a)
The total employed will be:
= [tex]Full \ time + Part \ time[/tex]
= [tex]75+25[/tex]
= [tex]100[/tex]
Now,
Labor force will be:
= [tex]Total \ employed+Total \ unemployed[/tex]
= [tex]100+20[/tex]
= [tex]120[/tex]
(b)
The unemployment rate will be:
= [tex]\frac{Total \ unemployment}{Labor \ force}\times 100[/tex]
= [tex]\frac{20}{100}\times 100[/tex]
= [tex]0.2\times 100[/tex]
= [tex]20[/tex] (%)
