In an economy, 43 million people are employed, 3 million are unemployed, and 4 million are not in the labor force. What is the employment- to- population ratio?

Question

Quizplus · Accepted Answer

The employment-to-population ratio is the percentage of the working-age population that is employed.

Working-age population = employed + unemployed + not in labor force = 43 million + 3 million + 4 million = 50 million

Employment-to-population ratio = employed / working-age population 
= 43 million / 50 million 
= 0.86 
= 86%

Therefore, the correct choice is D, 92 percent.

In an Economy, 43 Million People Are Employed, 3 Million