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Table 63: Population and Labor Force What Is the Number of Unemployed in Year 1 in |

question 5

Multiple Choice

Table 6.3: Population and Labor Force  Year 1  Year 5  Working Age Population 200million250million Labor Force 110million145million Employed 106million135million\begin{array} { | l | c | r | } \hline & \text { Year 1 } & \text { Year 5 } \\\hline \text { Working Age Population } & 200 \mathrm { million } & 250 \mathrm { million } \\\hline \text { Labor Force } & 110 \mathrm { milli } \mathrm { on } & 145 \mathrm { million } \\\hline \text { Employed } & 106 \mathrm { million } & 135 \mathrm { million } \\\hline\end{array} What is the number of unemployed in Year 1 in Table 6.3?

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Definitions:

Supply And Demand

The relationship between the availability of a good or service and the desire for it among consumers, largely determining its market price.

Orange Juice Market

The commercial sector involved with the production, distribution, and sale of orange juice.

Equilibrium Point

A condition in markets where the quantity of a good supplied equals the quantity demanded at the market price.

Life Span

The duration or length of life of an individual or organism.

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