Question

Suppose that 130 people are unemployed for part of a given year; 120 are unemployed for 1 month, and 10 are unemployed throughout the year. What percentage of total months of unemployment is attributable to the long-term unemployed?

A) 7.7%
B) 9.1%
C) 15.4%
D) 92.3%

Answer 1

The percentage of total months of unemployment attributable to the long-term unemployed is 184.6%.

Step-by-step explanation:

To find the percentage of total months of unemployment attributable to the long-term unemployed, we need to calculate the total number of months of unemployment for all individuals and the number of months of unemployment for the long-term unemployed.

Given that 120 people are unemployed for 1 month and 10 people are unemployed throughout the year, the total number of months of unemployment for these individuals is 120 + (10 * 12) = 240 months.

The total number of months of unemployment for all individuals is 130 * 1 = 130 months.

Therefore, the percentage of total months of unemployment attributable to the long-term unemployed is (240 / 130) * 100 = 184.6%.