Use the following table to answer the following questions:

-According to the table,the labor force participation rate in this economy is equal to
A) 18.9 percent.
B) 36.9 percent.
C) 65.3 percent.
D) 10.1 percent.
E) 8.5 percent.

Question

Use the following table to answer the following questions:
 
-According to the table,the labor force participation rate in this economy is equal to
A) 18.9 percent. 
B) 36.9 percent. 
C) 65.3 percent. 
D) 10.1 percent. 
E) 8.5 percent.

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (105 million) by the working age population (160 million) and multiplying by 100. So, (105/160) x 100 = 65.625. Rounded to one decimal point, the labor force participation rate in this economy is 65.3 percent.

Use the Following Table to Answer the Following Questions