Question

A country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10 million are working full time. How many people in this country are in the labor force? Question 2 options: a) 15 million b) 20 million c) 25 million d) 30 million

Answer 1

Answer: Option 'b' is correct.

Explanation:

Since we have given that

Number of people who are working full time = 10 million

Number of people who are working part = 5 million

Number of people who are interested in working and looking for work = 5 million.

As we know that

Total labor force = Total employed people + Total unemployed people

So, it becomes

`(10+5)+5\\\\=15+5\\\\=20\ millions`

Hence, Option 'b' is correct.