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The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people.  About blank1 - Numeric Answer million people have a job.

Question

The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people.  About blank1 - Numeric Answer million people have a job.

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Solution

To find out how many people have a job in Country Y, we first need to understand that the unemployment rate is the percentage of the labor force that is jobless.

  1. We know that the unemployment rate in Country Y is 6 percent. This means that 6 percent of the labor force is unemployed.

  2. The labor force in Country Y is about 200 million people.

  3. To find out how many people are unemployed, we multiply the labor force by the unemployment rate.

    Calculation: 200 million * 6/100 = 12 million people are unemployed.

  4. To find out how many people are employed, we subtract the number of unemployed people from the total labor force.

    Calculation: 200 million - 12 million = 188 million people have a job in Country Y.

So, about 188 million people have a job in Country Y.

This problem has been solved

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