Answer:
300 million people
Step-by-step explanation:
If the participation rate is 60% and 200 million people 16 years or older are not in the labor force, it means that 200 million corresponds to 40% of people 16 years or older. Since 60% of people 16 years or older are in the labor force, the total number of people in the labor force is given by:
[tex]n=\frac{200}{0.4}-200\\ n= 300\ million\ people[/tex]
300 million people are in the labor force in this economy.
