Question

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:

Answer 1

Labor force = 150 million

Step-by-step explanation:

given data

population = 200 million

people with jobs = 135 million

looking for a job = 10 million

unemployed and seeking employment = 5 million

to find out

labor force

solution

we get here Labor force that is here express as

Labor force = people with jobs + looking for a job + unemployed and seeking employment ....................1

put here value we get

Labor force = 135 + 10 + 5

Labor force = 150 million

and labor force rate is =
`(150)/(200)` × 100

labor force rate = 75%