Question

If the city of Springfield has 5,000 unemployed citizens and 500,000 members of the work force, what is Springfield’s unemployment rate? Select one: a. 10% b. 5% c. 20% d. 1%

Answer 1

I usually like to find what 1% is, which is a number that multiplied by 100 is the total. if 500,000 is the total, the divide it by 100 to get your 1% (or move the decimal ahead 2 places.) what you should get is 5,000 as 1%. So 5,000 is 1% of 500,000. A

Answer 2

The answer to this problem is d. 1%.