One month, there are 100,000 people in the current populationsurvey sample, of w

Question

One month, there are 100,000 people in the current populationsurvey sample, of whom 63,000 are employeed and 4,000 areunemployeed. (A) True of False, and explain: the bureau would estimate thepercentage of the population who are unemployed as 4000/63,000 +4,000 X 100% is around 6. (B) What happened to the other 33,000 people? One month, there are 100,000 people in the current populationsurvey sample, of whom 63,000 are employeed and 4,000 areunemployeed. (A) True of False, and explain: the bureau would estimate thepercentage of the population who are unemployed as 4000/63,000 +4,000 X 100% is around 6. (B) What happened to the other 33,000 people?

Explanation / Answer

a) True % unemployment = (# of people who did not getemployed)/(Total # of people who seek employment) =4000/(63000+4000) ˜ 6%
b) The rest 330000 people did not seek employment and or ornot part of labor force for various reasons and hence can't betaken into consideration while calculating unemploymentrate.
Hope this helps. Feel free to ask for anyclarifications.

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