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Question
question 1 (2 points)
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if there are 5 million people who are currently unemployed, 10 million people who are retired, and 110 million people who are members of the civilian labor force. how many people are currently employed?
you must show your work to earn credit.
Step1: Recall the formula for civilian labor force
The civilian labor force is the sum of employed and unemployed people. So, \( \text{Civilian Labor Force}=\text{Employed}+\text{Unemployed} \).
Step2: Rearrange the formula to solve for employed
We can rewrite the formula as \( \text{Employed}=\text{Civilian Labor Force}-\text{Unemployed} \).
Step3: Substitute the given values
Given that the civilian labor force is \( 110\) million and the number of unemployed is \( 5\) million. Then \( \text{Employed}=110 - 5\).
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\( 105\) million people are currently employed.