If the unemployment rate is 6 percent and the number of employed is 188 million, then the labor force equals million.
A)11.28
B)176.72
C)188
D)200

Question

Quizplus · Accepted Answer

The labor force includes both employed and unemployed individuals. If the unemployment rate is 6%, then 6% of the labor force is unemployed. Let L be the labor force. Then, 0.06L is the number of unemployed, and L - 0.06L = 188 million (employed). Solving for L gives L = 200 million.

If the Unemployment Rate Is 6 Percent and the Number