If the number of people unemployed is 100, the number of people employed is 1000, and the working- age population is 1400, then the labor force participation rate is
A) 78.6 percent.
B) 66.6 percent.
C) 71.4 percent.
D) 64.3 percent.

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the working-age population that is in the labor force. The labor force is the sum of the employed and unemployed. In this case, the labor force is 1000 + 100 = 1100. The working-age population is 1400. Therefore, the labor force participation rate is 1100 / 1400 * 100 = 78.6%.

If the Number of People Unemployed Is 100, the Number