Question

Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many people are not in the labor force?

Answer 1

Answer:

107,500

Explanation:

The civilian non-institutional population can be divided into two groups;

1)Individuals in the labor force

11) Those not in the labor force

Those in the labor force will include the employed and the unemployed.

In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.

I.e., 132,500 + 10,000 = $42,500

Those not in the labor force will be the population - those in the labor force.

I.e., 250,000-142,500= 107,500

Those not in the labor force will be 107,500