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quiz instructions exam instructions this exam has 50 questions. you wil…

Question

quiz instructions
exam instructions
this exam has 50 questions. you will be presented one question at a time, but you can always go back to any question. you will have 3 hours
to complete this exam.
you are allowed one sheet of paper during the exam. use one side of the sheet for notes and leave the other side blank to use as a scratch
paper during the exam.
remember you must use the built in online calculator in respondus. you will not be allowed to use your own calculator as that behavior will
be flagged by respondus. electronic smart devices (that allow internet access) such as smartphones and ipads are not allowed during the
exam.
before you start the exam, please present a form of photo id. you must hold the id up to the camera so that your photo is visible and your
name is clearly legible.
good luck!
question 10
2 pts
suppose that the adult population in the country of atlantis is 140 million. if 90 million people are employed and 10 million are unemployed,
then
40 million are not in the labor force.
80 million are not in the labor force.
40 million are in the labor force.
130 million are in the labor force.
previous

Explanation:

Step1: Recall labor force formula

Labor Force = Employed + Unemployed.
Employed = 90 million, Unemployed = 10 million, so Labor Force = \( 90 + 10 = 100 \) million.

Step2: Calculate not in labor force

Adult Population = Labor Force + Not in Labor Force.
Adult Population = 140 million, so Not in Labor Force = \( 140 - 100 = 40 \) million.

Step3: Evaluate options

  • 40 million not in labor force: Matches calculation.
  • 80 million not in labor force: Incorrect (140 - 100 ≠ 80).
  • 40 million in labor force: Incorrect (Labor Force = 100).
  • 130 million in labor force: Incorrect (100 ≠ 130).

Answer:

A. 40 million are not in the labor force.