How many people are unemployed if the employment ratio is 75%,there are 90 million people employed,and there are 20 million people not in the labor force?

Question

Quizplus · Accepted Answer

The employment ratio is the proportion of employed individuals out of the total labor force. If 75% are employed, this means 25% are unemployed. The total labor force includes those employed and unemployed but not those outside the labor force. With 90 million employed (75%), the total labor force is 120 million (since 90 million is 75% of 120 million). Subtracting the employed from the total labor force (120 million - 90 million) gives 30 million in the labor force but not employed. However, since the question specifies there are 20 million not in the labor force, these are not considered unemployed or part of the labor force calculation. Therefore, the correct calculation for the unemployed within the labor force is 120 million total labor force - 90 million employed = 30 million, but this includes a misunderstanding based on the provided options and the clarification needed regarding the distinction between those not in the labor force and the unemployed. The correct approach should be to find the number of unemployed directly from the given data, considering the employment ratio and the number of people employed. If 90 million represents 75% (the employed portion), the total labor force is indeed 120 million. The discrepancy in the initial explanation overlooked the direct calculation needed to align with the provided options. The correct number of unemployed people is actually determined by subtracting the number of employed people from the total labor force, which was not directly addressed in the initial explanation. Given the employment ratio and the number of people employed, the correct calculation should directly lead to identifying the number of unemployed individuals as part of the labor force, excluding those not in the labor force from this calculation.

How Many People Are Unemployed If the Employment Ratio Is