If a society has 250 million people over the age of 16, 145 million who are working and 5 million who are looking for work with 100 million others neither working nor looking for work the labor force participation rate is

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (those working plus those looking for work) by the total population over the age of 16. Here, that's (145 million + 5 million) / 250 million = 150/250 = 60%.

If a Society Has 250 Million People Over the Age