Use the following to answer questions:
-(Table: Labour Force Data)Use Table: Labour Force Data.Suppose the labour force participation rate is 70%.The number of unemployed adults is _____ million.
A) 8
B) 53
C) 103
D) 50

Question

Use the following to answer questions: 
-(Table: Labour Force Data)Use Table: Labour Force Data.Suppose the labour force participation rate is 70%.The number of unemployed adults is _____ million.
A) 8 
B) 53 
C) 103 
D) 50

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the adult population that is part of the labor force. If the participation rate is 70%, and assuming the total adult population is 150 million (since 70% of 150 million is 105 million), and if 8 million are unemployed, then the number of unemployed adults is 8 million.

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