Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. Which statement is true about Country Y? A. There are fewer than 200 million potential workers. B. The labor force participation rate is about 94 percent. C. About 188 million people have a job. D. About 212 million people are considered potential workers.

Question

Lesly Cain

Business

11 January, 06:55

Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. Which statement is true about Country Y? A. There are fewer than 200 million potential workers. B. The labor force participation rate is about 94 percent. C. About 188 million people have a job. D. About 212 million people are considered potential workers.

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Answers (1)

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Rin Tin Tin · Answer 1

C. About 188 million people have a job.

Explanation:

The unemployment rate in the country Y is 6%.

Total Labour Force=200 Million

The labour force consists of those who are employed and those who are unemployed.

If 6% of the population do not have a job, it means 94% of the population have a job.

94% of 200 million = 188 million

Therefore the correct option is C.

In option A, the labour force is about 200 million, we do not have additional information to conclude if it is less or greater.

In option B, the labour force participation rate is the division of the normal in the labour force by the total non-institutionalized adult population.

In option D, no enough information is given to conclude.