Suppose that some country had an adult population of about 47 million, a labor-force participation rate of 123.4 percent, and an unemployment rate of 31.0 percent. How many people were unemployed?

Question

Quizplus · Accepted Answer

The labor-force participation rate cannot exceed 100%, indicating a mistake in the given data. However, to calculate based on the provided figures, if we adjust the participation rate to a plausible figure (assuming it was meant to be 100% for calculation simplicity), the labor force would be 47 million (100% of the adult population). With an unemployment rate of 31.0%, the number of unemployed people would be 0.31 * 47 million = 14.57 million. Since this option is not available, and assuming the question intends for us to overlook the unrealistic participation rate and directly apply the given unemployment rate to the entire adult population, the closest available option based on the provided data and typical calculation methods would be B) 18 million, acknowledging an error in the premise.

Suppose That Some Country Had an Adult Population of About