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26 November, 13:56

If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemployment rate is 4%, how many workers are in the labor force? A) 20 million B) 1 million C) 481 million D) 475 million E) None of the above

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  1. 26 November, 17:24
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    D) 475 million

    Explanation:

    Unemployment is the people who is not currently working and searching for the job. These are the part of Labor force. So unemployment rate is as follows:

    Unemployed Worker = 19 million

    Unemployment rate = 4%

    Unemployment rate = Unemployed worker / Labor force

    4% = 19 million / Labor Force

    Labor Force = 19 million / 4%

    Labor Force = 475 million
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