Question

In an economy with a population of 100 million persons, 40 million hold civilian jobs and 8 million are not working but are looking for jobs. What is the number of people counted as unemployed?

Answer 1

The number of people counted as unemployed can be calculated by subtracting the number of people with civilian jobs from the number of people who are not working but looking for jobs.

Number of people counted as unemployed = Number of people not working but looking for jobs - Number of people with civilian jobs
Number of people counted as unemployed = 8 million - 40 million
Number of people counted as unemployed = -32 million

However, it is not possible to have a negative number of unemployed people. Therefore, in this scenario,

Answer 2

The number of people counted as unemployed in the given economy with a population of 100 million is 52 million.

Step-by-step explanation:

To find the number of people counted as unemployed, we subtract the number of people with civilian jobs from the total population and then subtract those looking for jobs.

population - employed - looking for jobs = unemployed

Given that the population is 100 million, the number of people counted as unemployed is:

100 million - 40 million - 8 million = 52 million.

Therefore, the number of people counted as unemployed is 52 million.