Use the following table to answer the following questions:

-According to the table,the labor force participation rate is
A) 64.2 percent.
B) 68.4 percent.
C) 35.8 percent.
D) 31.6 percent.
E) 6.1 percent.

Question

Use the following table to answer the following questions:
 
-According to the table,the labor force participation rate is
A) 64.2 percent. 
B) 68.4 percent. 
C) 35.8 percent. 
D) 31.6 percent. 
E) 6.1 percent.

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (which includes both employed and unemployed individuals) by the working-age population, and multiplying by 100. In this table, the labor force is 148, the working-age population is 216, and the labor force participation rate is (148/216)*100= 68.4 percent. Therefore, the answer is B.

Use the Following Table to Answer the Following Questions