If a country has a working-age population of 200 million, 135 million people with jobs, 10 million people who were looking for a job but have given up, and 5 million people unemployed and seeking employment, then its labor force is:
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The correct answer is 150 million
Explanation:
Since the definition of labour force suggests that a countrie's labour force is defined by the amount of people employed and unemployed, altogether.
Hence, according to this statement
No.of employed people = 135 million
No.of unemployed people = 10+5= 15 million
So in order to calculate total labour force, we will have to sum up
The total no. of labour force would be = 150 million
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Explanation:
150 Million is the right answer
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