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In 2001, the population and work force participation rate of a town were 30,000 and 30 percent
respectively. The work force participation rate in the year 2011 increased to 34 percent. If the
decadal population growth rate was 6 percent, the increase in the number of working people in the
town in 2011 was __________
    Correct answer is '1812'. Can you explain this answer?
    Most Upvoted Answer
    In 2001, the population and work force participation rate of a town we...
    Given information:
    - Population in 2001: 30,000
    - Workforce participation rate in 2001: 30%
    - Workforce participation rate in 2011: 34%
    - Decadal population growth rate: 6%

    To find:
    - Increase in the number of working people in the town in 2011

    Step 1: Calculate the population in 2011
    Using the decadal population growth rate, we can calculate the population in 2011 as follows:
    Population in 2011 = Population in 2001 * (1 + Decadal growth rate)
    Population in 2011 = 30,000 * (1 + 6/100)
    Population in 2011 = 30,000 * (1 + 0.06)
    Population in 2011 = 30,000 * 1.06
    Population in 2011 = 31,800

    Step 2: Calculate the number of working people in 2001
    Number of working people in 2001 = Population in 2001 * Workforce participation rate in 2001
    Number of working people in 2001 = 30,000 * 0.30
    Number of working people in 2001 = 9,000

    Step 3: Calculate the number of working people in 2011
    Number of working people in 2011 = Population in 2011 * Workforce participation rate in 2011
    Number of working people in 2011 = 31,800 * 0.34
    Number of working people in 2011 = 10,812

    Step 4: Calculate the increase in the number of working people in 2011
    Increase in the number of working people in 2011 = Number of working people in 2011 - Number of working people in 2001
    Increase in the number of working people in 2011 = 10,812 - 9,000
    Increase in the number of working people in 2011 = 1,812

    Therefore, the increase in the number of working people in the town in 2011 is 1,812.
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    In 2001, the population and work force participation rate of a town were 30,000 and 30 percentrespectively. The work force participation rate in the year 2011 increased to 34 percent. If thedecadal population growth rate was 6 percent, the increase in the number of working people in thetown in 2011 was __________Correct answer is '1812'. Can you explain this answer?
    Question Description
    In 2001, the population and work force participation rate of a town were 30,000 and 30 percentrespectively. The work force participation rate in the year 2011 increased to 34 percent. If thedecadal population growth rate was 6 percent, the increase in the number of working people in thetown in 2011 was __________Correct answer is '1812'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about In 2001, the population and work force participation rate of a town were 30,000 and 30 percentrespectively. The work force participation rate in the year 2011 increased to 34 percent. If thedecadal population growth rate was 6 percent, the increase in the number of working people in thetown in 2011 was __________Correct answer is '1812'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In 2001, the population and work force participation rate of a town were 30,000 and 30 percentrespectively. The work force participation rate in the year 2011 increased to 34 percent. If thedecadal population growth rate was 6 percent, the increase in the number of working people in thetown in 2011 was __________Correct answer is '1812'. Can you explain this answer?.
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