Refer to the following scenario to answer the following questions.
A government worker surveys a number of households and comes up with the following information: there were a total of 90 people in the households, 10 of the people were children under 16, 10 of the people were retired but still capable of working, 35 people had full-time jobs, 5 had part-time jobs, 5 were stay-at-home parents, 5 were full-time students over the age of 16, 5 were disabled people who could not work, 10 people had no job but were looking for jobs, and there were 5 people who wanted a job but were not looking for a job.
-According to the information in the survey,the labor force participation rate is
A) 73.3 percent.
B) 66.7 percent.
C) 76.9 percent.
D) 84.6 percent.
E) 55.6 percent.

Question

Quizplus · Accepted Answer

The labor force includes those employed (full-time and part-time) and those unemployed but actively looking for work. Thus, the labor force is 35 (full-time) + 5 (part-time) + 10 (looking for jobs) = 50. The labor force participation rate is the labor force divided by the working-age population (90 - 10 children under 16 = 80), so 50/80 = 0.625 or 62.5 percent. However, since none of the given options match this calculation, it seems there might be an error in the options provided.

Refer to the Following Scenario to Answer the Following Questions