Asked by Harry Nayan on Jun 06, 2024
Verified
Consider an economy made up of 100 people,60 of whom hold jobs,10 of whom are looking for work,and 15 of whom are retired.The number of unemployed persons is _____.
A) 10
B) 15
C) 40
D) 30
E) 90
Unemployed Persons
Unemployed persons are individuals who are actively seeking employment but are unable to find work, a key indicator of a country's economic health.
Economy
The system of production, distribution, and consumption of goods and services within a particular geographic region.
Looking for Work
The act of seeking employment or opportunities to earn income.
- Calculate the unemployment rate in various contexts.
- Calculate the size of the labor force and its components.
Verified Answer
ZK
Zybrea KnightJun 06, 2024
Final Answer :
A
Explanation :
The number of unemployed persons is equal to the number of people looking for work, which is given as 10. Therefore, the correct answer is A) 10.
Learning Objectives
- Calculate the unemployment rate in various contexts.
- Calculate the size of the labor force and its components.
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