If the number of employed workers in an economy is 8 million,the number of potential workers in the economy is 12 million,and the number of adults not in the labor force is 1 million,the number of unemployed people in the economy will equal ________.

Question

Quizplus · Accepted Answer

Total population (potential workers + adults not in labor force) = 12 million + 1 million = 13 million
Number of unemployed people = Total Population - Employed Workers
= 13 million - 8 million
= 5 million.
Therefore, the answer is choice B, 3 million.

If the Number of Employed Workers in an Economy Is