Answer:
The number of people employed = 200
The number of people unemployed = 20
The number of people in the labor force = 220
Explanation:
a) Data and Calculations:
Population = 500
Population over age 16 = 400
Persons employed full-or part-time 200
Persons unemployed and actively seeking work 20
Persons who have quit seeking work due to lack of success 10
Part-time workers seeking full-time jobs 30
The number of people employed = 200 (full-or part-time)
The number of people unemployed = 200 (400 - 200)
The number of people in the labor force = employed and unemployed seeking work (200 + 20) = 220
b) A country's labor force is made up of employed persons (full-time or part-time) and persons actively looking for work. Some of the population who are not actively seeking employment may be kept of the labor force because of education or family responsibilities. These persons may return to the labor market later.
