Suppose there are 200 million people in the population, 120 million people in the civilian labor force, and 90 million people are employed. The number of people unemployed is _ million and the unemployment rate is _____ percent.

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13-07-2022
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Suppose there are 200 million people in the population, 120 million people in the civilian labor force, and 90 million people are employed. The number of people unemployed is _ million and the unemployment rate is _____ percent.

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sharmaaashutosh169 sharmaaashutosh169 · Answer 1 · 2022-07-20T13:44:08+02:00

Suppose there are 200 million people in the population, 120 million people in the civilian labor force, and 90 million people are employed. The number of people unemployed is 30 million and the unemployment rate is 25 percent.

Unemployment is the state of being able to work, actively looking for job, yet unable to do so. It is crucial to remember that a person must be actively seeking payed employment in the labor force in order to be termed unemployed.

The OECD defines unemployment as those over a certain age who are currently available for work but are not currently employed or self-employed. The number of jobless persons as a percentage of the labor force is used to calculate the unemployment rate, which is used to calculate the level of unemployment.

Learn more about unemployment here https://brainly.com/question/734393

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Suppose there are 200 million people in the population, 120 million people in the civilian labor force, and 90 million people are employed. The number of people unemployed is _______ million and the unemployment rate is ___________ percent.

Respuesta :

Otras preguntas

Suppose there are 200 million people in the population, 120 million people in the civilian labor force, and 90 million people are employed. The number of people unemployed is _ million and the unemployment rate is _____ percent.