60% of 50 mill......0.6(50 mill) = 30 mill...this is the labor force participation
unemployment rate of 5%....0.05(30 mill) = 1.5 mill
1.5 million were unemployed <==
** if the unemployment rate is 5%, that means 5% of the labor force, not the entire adult population because some of the adult population might be too old or disabled and cant participate in the labor force. The labor force is people that are able to work.
Answer:
Step-by-step explanation:
Answer:
honey there is no picture to use...
Step-by-step explanation:
Step 1) Draw a dashed line through the points (0,6) and (4,7). These two points are on the line y = (1/4)x+6. To find those points, you plug in x = 0 to get y = 6. Similarly, plug in x = 4 to get y = 7. The dashed line indicates that none of the points on this line are part of the solution set.
Step 2) Draw a dashed line through (0,-1) and (1,1). These two points are on the line y = 2x-1. They are found in a similar fashion as done in step 1.
Step 3) Shade the region that is above both dashed lines. We shade above because of the "greater than" sign. This is shown in the attached image I am providing below. The red shaded region represents all of the possible points that are the solution set. Once again, any point on the dashed line is not in the solution set.