Ratios and Percentages We can express one quantity in terms of another is a variety of ways-these relationships are know

[answerhappygod]

Ratios And Percentages We Can Express One Quantity In Terms Of Another Is A Variety Of Ways These Relationships Are Know 1 (26.74 KiB) Viewed 94 times

Ratios And Percentages We Can Express One Quantity In Terms Of Another Is A Variety Of Ways These Relationships Are Know 2 (24.17 KiB) Viewed 94 times

Ratios and Percentages We can express one quantity in terms of another is a variety of ways-these relationships are known as ratios. We can express these ratios in their fraction, decimal or percentage form. For example, if an economy has 460 adults of working age and 380 of them are in the labor force, we can express the portion of the adult population that is in the labor force as a fraction, a decimal, or a percent. As a fraction, we simply put the number of people in the labor force (the numerator over the number of people in the overall adult population (the denominator: Proportion of the adult population in the labor force: 380 460 Sometimes it is more useful to express this as a decimal. In this case, just divide the numerator by the denominator and round to an appropriate number of decimal places (here, three): 380 = 0.826 460 To express this as a percentage, just take the decimal result times 100. We will round to one decimal places here: 380 = 0.826 x 100 = 82.6% 460
The labor force is comprised of those who are working for any number of hours (the employed) and those who are out of work but actively looking for a job (the unemployed). Calculate the size of the labor force. The size of the adult population is 30,000. The number working is 17,700 and the number of unemployed actively looking for work is 1,600. a. Labor Force: [ people A commonly reported labor statistic is the Labor Force Participation Rate 'LFPR: Size of the labor force LFPR == x 100 Adult Population b. Calculate the Labor Force Participation Rate (Round your answer to one decimal place): [ The Unemployment Rate is calculated as those who are not working but actively looking for a job ("the unemployed") divided by the labor force: Unemployment Rate == Unemployed Site of the Labor Force x 100 % c. Calculate the Unemployment Rate (Round your answer to one decimal place)