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27 February, 16:12

Suppose a nation has a labor force of 45.5 million workers and an unemployment rate of 6.15%. Instructions: Round your answers to two decimal places. a. How many workers in this nation are unemployed? million b. How many workers in this nation are employed? million

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  1. 27 February, 19:16
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    The number of workers unemployed in this nation is 2.8 million

    The number of workers employed is 42.70 million

    Explanation:

    45.5 million accounts for the nation's labor force of 100%, since the unemployment rate is 6.15%, hence the percentage of workforce gainfully employed is 93.85%. (100%-6.15%)

    Accordingly, the portion of the population employed is 42.70 million (93.85%*45.5 million) while the balance of 2.8 million is for the unemployed (45.5 million minus 42.70 million)
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Home » Business » Suppose a nation has a labor force of 45.5 million workers and an unemployment rate of 6.15%. Instructions: Round your answers to two decimal places. a. How many workers in this nation are unemployed? million b.
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