In a country with a working- age population of 300 million, 230 million workers are employed and 40 million workers are unemployed. What is the labor force participation rate?
A) 90 percent
B) 65 percent
C) 5 percent
D) 100 percent

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (employed + unemployed) by the working-age population and multiplying by 100. Here, the labor force is 270 million (230 million employed + 40 million unemployed), and the working-age population is 300 million. So, (270/300) * 100 = 90 percent.

In a Country with a Working- Age Population of 300