Question

In 2020, only 57 percent of the adult population, which amounts to 260 million people, was employed. If the employment rate increased to a typical non-recession level of 61 percent, what would be the new estimated employed population?

A. 282.6 million
B. 270.6 million
C. 257.8 million
D. 249.4 million

Answer 1

After calculating the total adult population using the given employment rate and employed population, and then applying the new employment rate, the new estimated employed population is approximately 282.6 million people, which corresponds to option A.

Step-by-step explanation:

The question involves calculating the newly employed population given an increase in the employment rate from 57% to 61% of the adult population. Given that 57% corresponds to 260 million employed individuals, we can first find the total adult population by the formula: Total adult population = Employed population / Employment rate. The total adult population is 260 million / 0.57, which is approximately 456.14 million adults.

To determine the new number of employed individuals, we multiply the total population by the new employment rate of 61%, which gives: New employed population = Total adult population × 0.61. Thus the newly employed population is 456.14 million × 0.61, which gives 278.15 million.

The closest answer provided in the multiple choice options to our calculated figure of 278.15 million is 282.6 million, which is option A. Therefore, the estimated new employed population would be approximately 282.6 million people.

Answer 2

B. 270.6 million. To find the new estimated employed population when the employment rate increases from 57% to 61%, calculate the total adult population using the initial employment rate and number of employed people, and then apply the new employment rate. The closest answer to the calculated new employed population is 270.6 million.

Step-by-step explanation:

The student asked a question related to the adult employed population in a given scenario. In 2020, 57 percent of the adult population, which is 260 million people, were employed. If the employment rate increased to a typical non-recession level of 61 percent, we are asked to calculate the new estimated employed population.

To find the new employed population, we first need to determine the total adult population. We can do this based on the initial employment rate and the number of employed people:

• Total adult population = Employed population / Employment rate
• Total adult population = 260 million / 0.57
• Total adult population ≈ 456.14 million

When the employment rate increases to 61 percent, we apply this percentage to the total adult population:

• New employed population = Total adult population * New employment rate
• New employed population = 456.14 million * 0.61
• New employed population ≈ 278.14 million

Therefore, the closest available option to the calculated new employed population is:

B. 270.6 million (since actual calculated value is not an option given and we assume a rounding or estimation might be needed for the options provided).