Question

Given the following information for the country of Atlantis, determine the total number of people unemployed.Adult Population (over the age of 16) = 267.7 millionPercentage of people in the labor force = 75.4Unemployment rate = 6.2%Enter your answer in millions of people, with one digit to the right of the decimal (for example, 24.9). Do NOT include the word "million" (or any words) in your answer.

Answer 1

`\text{12.5 Millions}`

Step-by-step explanation

Step 1

Let

`\begin{gathered} \text{total adult popultation = 267.7 million} \\ \text{percentage of people in the labor force=75.4 \%} \end{gathered}`

we need to find the number of adults in the labor force, to do that, lets' multiply 267.7 by 75.4 % ,hence

`\begin{gathered} 267.7\text{ million(75.4 \%)} \\ 267.7\cdot((75.4)/(100)) \\ 267.7201.8458\cdot0.754 \\ 201.8458 \\ \text{rounden} \\ 201.9\text{ Millions} \end{gathered}`

Step 2

now, we need to find the total number of unemployment rate, to do that

multiply the total people in labor force by the rate, so

`\begin{gathered} total\text{ people unemployment}=\text{total labor forece}\cdot rate\text{ of unemployment} \\ total\text{ people unemployment=201.9 Millions}\cdot((6.2)/(100)) \\ total\text{ people unemployment=201.9 Millions}\cdot0.062 \\ total\text{ people unemployment=}12.51\text{ Millions} \\ \text{rounded} \\ total\text{ people unemployment=12.5 Milliones} \end{gathered}`

I hope this helps you