High School

Suppose the labor force participation rate is 70%. The number of unemployed adults is:

1. 95 million
2. 105 million
3. 46.5 million
4. 27 million

Answer :

To answer the question, it seems we are missing some critical information. We need to know the total population of adults in order to calculate the number of people in the labor force and the unemployment rate. The labor force participation rate tells us the percentage of the adult population that is either employed or actively looking for work.

Here's how you would generally calculate the unemployment rate once you have all the necessary information:

1. Start with the total adult population.

2. Calculate the size of the labor force by multiplying the total adult population by the labor force participation rate (70% in this case).

Labor Force = Total Adult Population * Labor Force Participation Rate

3. Determine the number of unemployed adults, which should be given directly in the data (from the options provided: 95 million, 105 million, 46.5 million, or 27 million).

4. Finally, calculate the unemployment rate using the formula:

Unemployment Rate = (Number of Unemployed Adults / Labor Force) * 100

Without the total adult population, we can't calculate the unemployment rate or determine the size of the labor force.

Please provide the total adult population in order to solve the question accurately.