Asked by Harry Nayan on Jun 06, 2024

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Consider an economy made up of 100 people,60 of whom hold jobs,10 of whom are looking for work,and 15 of whom are retired.The number of unemployed persons is _____.

A) 10
B) 15
C) 40
D) 30
E) 90

Unemployed Persons

Unemployed persons are individuals who are actively seeking employment but are unable to find work, a key indicator of a country's economic health.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Looking for Work

The act of seeking employment or opportunities to earn income.

  • Calculate the unemployment rate in various contexts.
  • Calculate the size of the labor force and its components.
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ZK
Zybrea KnightJun 06, 2024
Final Answer :
A
Explanation :
The number of unemployed persons is equal to the number of people looking for work, which is given as 10. Therefore, the correct answer is A) 10.