Question

While researching the industry she is interested in, Fernanda sees that the average unemployment rate is 5.7%. How many people, out of every 425, are unemployed? Round the final answer to the nearest hundredth.

A. 25.12
B. 74.56
C. 24.23
D. 51.34

Answer 1

To calculate the number of people out of every 425 that are unemployed, set up a proportion and solve for x.

Step-by-step explanation:

To determine the unemployment rate:

1. Step 1. Divide the number of unemployed people (7.635 million) by the total labor force (157 million).
2. Step 2. Multiply by 100 to obtain the rate.

The average unemployment rate is 5.5%.

To calculate the number of people out of every 425 that are unemployed, you can set up a proportion:

x/425 = 7.635 million/157 million

Cross-multiply and solve for x:

x = (425 * 7.635 million) / 157 million

Simplify the fraction:

x = 20.63175

Rounding to the nearest hundredth, x is approximately 20.63.