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Veronika [31]
3 years ago
11

Suppose a nation has a labor force of 45.5 million workers and an unemployment rate of 6.15%. Instructions: Round your answers t

o two decimal places. a. How many workers in this nation are unemployed? million b. How many workers in this nation are employed? million
Business
1 answer:
Tems11 [23]3 years ago
5 0

Answer:

The number of workers unemployed in this nation is 2.8 million

The number of workers employed is 42.70 million

Explanation:

45.5 million accounts for the nation's labor force of 100%,since the unemployment rate is 6.15%,hence the percentage of workforce gainfully employed is 93.85% .(100%-6.15%)

Accordingly, the portion of the population employed is 42.70 million(93.85%*45.5 million) while the balance of 2.8 million is for the unemployed(45.5 million minus 42.70 million)

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