Question

If a country has a working-age population of 200 million, 135 million people with jobs, 10 million people who were looking for a job but have given up, and 5 million people who are unemployed and seeking employment, then its labor force is _____ million.

Answer 1

Answer:

The labor force is 140 million.

Explanation:

The working-age population refers to the portion of the population that is of the working age. It does not include children and old people.

People who have a job or business are considered employed.

The workers who do not have a job and are actively looking for one are considered unemployed.

Those workers who do not have a job and are not actively looking for one are called discouraged workers.

Working-age population = 200 million

Number of people employed = 135 million

Number of discouraged workers = 10 million

Number of people unemployed = 5 million

Labor force = Number of people employed + Number of people unemployed

Labor force = 135 million + 5 million

Labor force = 140 million