Question

Assume that the United States population is 300 million. If 200 million people are of working age, 125 million are employed, and 15 million are unemployed, what is the size of the labor force?

Answer 1

`\text{Labor force}=\text{140 million}`

Explanation:

We have been given that the United States population is 300 million. 200 million people are of working age, 125 million are employed, and 15 million are unemployed. We are asked to find the size of labor force of the United States.

We know that labor force is equal to sum of employed population and unemployed population.

`\text{Labor force}=\text{Number of employed}+\text{Number of unemployed}`

`\text{Labor force}=\text{125 million}+\text{15 million}`

`\text{Labor force}=\text{140 million}`

Therefore, the labor force of the United States is 140 million.