The number of people classified as employed is 325,000 and the number of people in the labor force is 550,000. The total number of people classified as unemployed is: Group of answer choices 325,000. 225,000. 875,000. 125,000.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The number of people classified as employed is 325,000 and the number of people in the labor force is 550,000. The total number of people classified as unemployed is:
Group of answer choices
325,000.
225,000.
875,000.
125,000.
 
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Step 1

The labor force is a group of people who are qualified to be employed in the economy and also willing to work and earn. These include all the people of the nation including the armed forces personnel.

the labor force is a total of people classified as employed and unemployed. Any person who is working as a full-time employee, part-time employee, or freelancer will be a part of the employed labor force. Those fetching for jobs and not getting one are treated as unemployed people.

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