Question

5. Fill in the missing values in the following table of data.

Employed                                            146,047,000

Unemployed                                       ________________

Unemployment Rate                           4.6%

Civilian Labor Force                          _______

Answer 1

Ans) Labour force= employed + unemployed

Labour force = 146,047,000 + unemployed

Unemployment rate = (unemployed ÷ labour force)×100

Let U be Unemployed. And substitute labour force with (146,047,000 + U)

4.6 = [U ÷ (146,047,000 + U)]×100

4.6 ÷ 100 = U ÷ (146,047,000 + U)

0.046 × (146,047,000 + U) = U

While opening bracket, we multiply outer number with all the numbers present inside the bracket separately alongwith their signs.

6,718,162 + 0.046 U = U

6,718,162 = U - 0.046 U

6,718,162 = 0.954 U

U = 6,718,162 ÷ 0.954

U = 7,042,098.5 or 7,042,099

Labour force = 146,047,000 + 7,042,098.5 = 153,089,098.5 or 153,089,099