Question

The total adult population of an economy is 175 million, the number of employed is 122 million, and the number of unemployed is 17 million. The percentage of adults who are not in the labor force is?

Answer 1

Answer:

The percentage of adults who are not in the labor force is 21%

Explanation:

Labor Force = Number of Employed + Number of Unemployed

Labor Force = 122 million + 17 million

Labor Force = 139 million

Total adults in economy = 175 million

Adults not in labor force = Total adults in economy - Adults as labor force in economy

Adults not in labor force = 175 million - 139 million

Adults not in labor force = 36 million

Adults not in labor force ( percentage ) = ( 36 million / 175 million ) x 100

Adults not in labor force ( percentage ) = 0.2057 x 100

Adults not in labor force ( percentage ) = 20.57%

Adults not in labor force ( percentage ) = 21%