Question

if the number of labor force participants equals 146.8 million people and 8.2 million are unemployed, how many are employed?

a. 138.6 million
b. 142.6 million
c. 136.8 million
d. 146.8 million

Explanation:

Step1: Recall the labor - force formula

The labor - force formula is $Labor\ Force=Employed + Unemployed$. We want to find the number of employed people, so we can rewrite the formula as $Employed = Labor\ Force - Unemployed$.

Step2: Substitute the given values

Given that the labor - force ($Labor\ Force$) is 146.8 million and the number of unemployed ($Unemployed$) is 8.2 million. Then $Employed=146.8 - 8.2$.

Step3: Calculate the result

$146.8-8.2 = 138.6$ million.

Answer:

A. 138.6 million