there are 45 potential workers in this economy. how many people are unemployed? a. 12 b. 27 c. 33 d. 45
there are 45 potential workers in this economy. how many people are unemployed? a. 12 b. 27 c. 33 d. 45
Answer
Explanation:
Step1: Identify labor - demand at minimum wage
At the minimum wage of $18, the labor - demand is 18 workers.
Step2: Identify total potential workers
The total number of potential workers is 45.
Step3: Calculate the number of unemployed
The number of unemployed is the total potential workers minus the number of workers demanded at the minimum wage. So, $45−18 = 27$.
Answer:
B. 27