If a country has a working-age population of 200 million, for which 135 million people with jobs, 10 million people who are looking for a job but have given up, and 5 million people unemployed and seeking employment, then its labor force is: a. 150 million b. 145 million c. 140 million d. 135 million
If a country has a working-age population of 200 million, for which 135 million people with jobs, 10 million people who are looking for a job but have given up, and 5 million people unemployed and seeking employment, then its labor force is: a. 150 million b. 145 million c. 140 million d. 135 million
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 1P
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If a country has a working-age population of 200 million, for which 135 million people with jobs, 10 million people who are looking for a job but have given up, and 5 million people unemployed and seeking employment, then its labor force is:
a. 150 million
b. 145 million
c. 140 million
d. 135 million
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