A report states that 5% of the population is unemployed. If the total population

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Question: A report states that 5% of the population is unemployed. If the total population is 1,000,000, how many people are employed?

Options:

Correct Answer: 950,000

Solution:

Unemployed = 5% of 1,000,000 = 50,000. Employed = 1,000,000 - 50,000 = 950,000.

A report states that 5% of the population is unemployed. If the total population is 1,000,000, how many people are employed?

A report states that 5% of the population is unemployed. If the total population is 1,000,000, how many people are employed?

Step 1: Identify the total population, which is 1,000,000.
Step 2: Calculate the number of unemployed people by finding 5% of the total population. This is done by multiplying 1,000,000 by 0.05.
Step 3: Perform the calculation: 1,000,000 * 0.05 = 50,000. This means there are 50,000 unemployed people.
Step 4: To find the number of employed people, subtract the number of unemployed people from the total population. This is done by calculating 1,000,000 - 50,000.
Step 5: Perform the subtraction: 1,000,000 - 50,000 = 950,000. This means there are 950,000 employed people.

Percentage Calculation – Understanding how to calculate a percentage of a total population.
Basic Arithmetic – Performing subtraction to find the number of employed individuals.