Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number counted as unemployed is:

Question

Quizplus · Accepted Answer

The number counted as unemployed is the number of people who are looking for work but do not currently have a job. Therefore, the answer is the number given in the question for the number of people looking for work, which is 10.

Consider an Economy Made Up of 100 People, 60 of Whom