Question

assume the u.s. population is 300 million. if 200 million people are of working age, 125 million are employed, and 15 million are unemployed, what is the size of the labor force? 200 million 140 million 125 million 215 million 175 million

Explanation:

Step1: Recall the formula for labor force

Labor force = Employed + Unemployed

Step2: Substitute the given values

Employed = 125 million, Unemployed = 15 million. So, Labor force = \(125 + 15\)

Step3: Calculate the sum

\(125+15 = 140\) (million)

Answer:

140 million