Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an un employment rate of 5 percent. How many people were unemployed? a. 1.425 million b. 1.5 million c. 2.5 million d. 5 million
1 answer:
Answer:
The Answer is b. 1.5Million
Step-by-step explanation:
Adult Population = 50 Million
Labor-Force Rate = 60%
Total Labor Force of Adult population = 50Million*60% = 30Million
Unemployment Rate = 5%
People Unemployment =
Total Labor force of Adult population * Unemployment rate
People Unemployment = 30Millon*5%
People Unemployment = 1.5Million
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