Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million

-Refer to Exhibit 10-2. The number of people considered to be out of the labor force is:

Question

Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million
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-Refer to Exhibit 10-2. The number of people considered to be out of the labor force is:

Quizplus · Accepted Answer

Out of the total adult population of 580 million, the number of employed individuals is 360 million and the number of unemployed individuals is 30 million. Therefore, the number of individuals considered to be out of the labor force is the difference between the total adult population and the sum of employed and unemployed individuals: 580 million - (360 million + 30 million) = 190 million. However, this calculation does not account for individuals who are not seeking employment and are not considered part of the labor force. If we assume that the number of individuals not seeking employment is equal to the number of unemployed individuals (30 million), then the total number of individuals out of the labor force would be 190 million + 30 million = 220 million. However, this assumption may not be accurate as some individuals not seeking employment may not be counted as unemployed. Therefore, the closest answer based on available information is C) 170 million.

Exhibit 10-2 Assume the Following Information About a Country for the Following