In a country with a working-age population of 150 million, 120 million workers are employed and 10 million workers are unemployed. What is the size of the labor force?

A) 150 million
B) 130 million
C) 120 million
D) 10 million

B

Economics

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Which piece of legislation allowed states to pass right-to-work laws?

A) Wagner Act B) Landrum-Griffin Act C) Taft-Hartley Act D) National Industrial Recovery Act

Economics

A recessionary gap can be defined as:

A. an economy that is operating above its full-employment capacity. B. an economy that is operating at full-employment capacity. C. the amount by which aggregate expenditures exceeds the aggregate expenditures level needed to generate equilibrium real GDP at full employment without inflation D. the amount by which aggregate expenditures falls short of the level needed to generate equilibrium real GDP at full employment without inflation.

Economics