If the labor-force participation rate is 90% and the total population 16 years of age or older is 3 million people, the labor force is
A) 2,450,000 people.
B) 2,700,000 people.
C) 3,300,000 people.
D) 3,900,000 people.

Question

Quizplus · Accepted Answer

The labor force is equal to the labor-force participation rate multiplied by the total population 16 years of age or older.

Labor force = labor-force participation rate × total population 16 years of age or older
Labor force = 0.90 × 3 million
Labor force = 2,700,000 people.

Therefore, the answer is B) 2,700,000 people.

If the Labor-Force Participation Rate Is 90% and the Total