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17 July, 04:16

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed? a. 1.425 million b. 1.5 million c. 2.5 million d. 5 million

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  1. 17 July, 05:50
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    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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