Question

Assume the following For the year 2004, Population 200 millon, Labor Force=150 misen. Unemployed = 5 million. Given this data, what is the number of employed people?

A. 5 million
B. 150 millon
C. 145 million
D. 200 million

Answer 1

The number of employed people in 2004 is calculated by subtracting the unemployed from the total labor force, resulting in 145 million employed individuals.

Step-by-step explanation:

To determine the number of employed people in 2004, we subtract the number of unemployed people from the total labor force. Given that the labor force consists of 150 million people and there are 5 million unemployed, we can calculate the number of employed individuals as follows:

Labor Force - Unemployed = Employed

150 million - 5 million = 145 million

Therefore, the correct answer is C. 145 million.