Consider Country A, which has the following statistics:

Population: 70,000,000

Adult population (number of people 15 years of age and over): 50,000,000

Number of adults employed: 20,000,000

Number of adults unemployed: 5,000,000

Number of adults not in the labor force: 25,000,000

Based on the information in above table, answer the following questions:

1)Calculate the size of the labor force. Explain your answer.

2)Explain what is meant by employed.

3)Explain what is meant by unemployed.