Questions: Question 23 - F24 Test #1 - Ch 1-4 (i) Unemployed: 10 Total Population: 160 Employed: 110 Discouraged Workers: 6 The table contains information about a hypothetical economy. All figures are in millions. The labor force is Multiple Choice - 105 million. - 145 million. - 120 million. - 95 million.

Question 23 - F24 Test #1 - Ch 1-4 (i)

Unemployed: 10
Total Population: 160
Employed: 110
Discouraged Workers: 6

The table contains information about a hypothetical economy. All figures are in millions. The labor force is

Multiple Choice
- 105 million.
- 145 million.
- 120 million.
- 95 million.

Transcript text: Question 23 - F24 Test \#1 - Ch 1-4 (i) 23 \begin{tabular}{|l|r|} \hline Unemployed & 10 \\ \hline Total Population & 160 \\ \hline Employed & 110 \\ \hline Discouraged Workers & 6 \\ \hline \end{tabular} The table contains information about a hypothetical economy. All figures are in millions. The labor force is Multiple Choice 105 million. 145 million. 120 million. 95 million.

Solution

Solution Steps

To determine the labor force, we need to sum the number of employed and unemployed individuals. Discouraged workers are not included in the labor force.

Solution Approach