question archive How many people are unemployed if the employment ratio is 75%, there are 90 million people employed, and there are 20 million people not in the labor force? A
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How many people are unemployed if the employment ratio is 75%, there are 90 million people
employed, and there are 20 million people not in the labor force?
A. 0 million
B. 5 million
C. 10 million
D. 20 million
C. 10 million
Step-by-step explanation
In order to find the number of unemployed people, we first need to identify the total population:
Employment ratio = no. employed people / total population
Given in the problem that the employment ratio is 75% and the people employed at 90 million thus
75% = 90,000,000 / total population
total population = 90,000,000 / 75% or
TP = 90,000,000 / .75
Total Population = 120,000,000
Total population = number of employed + employed + people not in labor force
120,000,000 = 90,000,000 + no. of unemployed + 20,000,000
120,000,000 = 110,000,000 = number of unemployed
unemployed = 120,000,000 - 110,000,000
number of unemployed = 10,000,000
Hence the number of unemployed people in based on the given scenario is 10,000,000 or 10 million