Question

LECTURE 1: MIDTERM QUESTION 3.1 the adult population of Finlandia is 10 million, og which 5 million re employed, 2 million are unemployed, and 0.5 million are discouraged workers and the rest are not currently working and/or not seeking employment. what is the labour force equal in Finlandia?

Answer 1

The labor force in Finlandia, based on the given information, is 7.5 million.

Step-by-step explanation:

To find the labor force in Finlandia, we need to add the number of employed, unemployed, and discouraged workers. The given information states that 5 million people are employed, 2 million are unemployed, and 0.5 million are discouraged workers. The labor force is equal to the sum of these three numbers: 5 million + 2 million + 0.5 million = 7.5 million. Therefore, the labor force in Finlandia is 7.5 million.

Answer 2

The labor force in Finlandia is 7.5 million.

Step-by-step explanation:

In this question, we are given the adult population of Finlandia as 10 million. Of this population, 5 million are employed, 2 million are unemployed, and 0.5 million are discouraged workers. The rest of the population is not currently working and/or not seeking employment. To find the labor force, we need to add the number of employed, unemployed, and discouraged workers together.

Labor force = Employed + Unemployed + Discouraged workers

Labor force = 5 million + 2 million + 0.5 million = 7.5 million

Therefore, the labor force in Finlandia is 7.5 million.