In a hypothetical economy, the employment is 100 million, and there are 15 million people unemployed. How large is their labor force? 1) 100 million people O2) 15 million people 3) 115 million people 4) 85 million people

In a hypothetical economy, the employment is 100 million, and there are 15 million people unemployed. How large is their labor force? 1) 100 million people O2) 15 million people 3) 115 million people 4) 85 million people

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1PA

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Question

In a hypothetical economy, the employment is 100 million, and there are 15 million
people unemployed. How large is their labor force?
1) 100 million people
O2) 15 million people
3) 115 million people
4) 85 million people

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