If the relevant population is 268 million people and the number of people in the labor force is 148 million,the labor force participation rate is
A) 1.81 percent.
B) 4.8 percent.
C) 5.5 percent.
D) 44.8 percent.
E) 55.2 percent.

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated as:

(Labor Force / Relevant Population) x 100

Plugging in the given values, we get:

(148 million / 268 million) x 100 = 55.22%

Therefore, the labor force participation rate is 55.2 percent, which is closest to option E - 55.2 percent.

If the Relevant Population Is 268 Million People and the Number