Suppose the labor force in Tiny Town is 100 people. If the in Tiny Town is 150 people, the labor force participation rate equals _ multiplied by 100.
A) working age population; 100/150
B) number of employed persons; 100/250
C) number of employed persons; 100/150
D) working age population; 100/250

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force by the working age population and then multiplying by 100. Here, the labor force is 100 and the working age population is 150, so the correct calculation is 100/150.

Suppose the Labor Force in Tiny Town Is 100 People