Question

Assume there are currently 100,000 workers employed and 15,000 workers unemployed. If the rate of job finding is 10%, how many unemployed workers will find jobs? Numeric Answer:

Answer 1

1,500 unemployed worker will find jobs.

Explanation:

We are given the following in the question:

Number of workers employed = 100,000

Number of workers unemployed = 15,000

Rate of job finding = 10%

Number of unemployed person that will find job =

`10\% * \text{Number of unemployed}\\\\=(10)/(100)* 15000\\\\=1500`

Thus, 1,500 unemployed worker will find jobs.