Suppose a nation has a labor force of 45.5 million workers and an unemployment rate of 6.15%. Instructions: Round your answers to two decimal places. a. How many workers in this nation are unemployed? million b. How many workers in this nation are employed? million

The number of workers unemployed in this nation is 2.8 million

The number of workers employed is 42.70 million

Explanation:

45.5 million accounts for the nation's labor force of 100%,since the unemployment rate is 6.15%,hence the percentage of workforce gainfully employed is 93.85% .(100%-6.15%)

Accordingly, the portion of the population employed is 42.70 million(93.85%*45.5 million) while the balance of 2.8 million is for the unemployed(45.5 million minus 42.70 million)

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