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) number of employed persons; 100/250
B) working age population; 100/150
C) working age population; 100/250
D) number of employed persons; 100/150

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the working-age population that is in the labor force. In this case, the working-age population is 150 people and the labor force is 100 people, so the labor force participation rate is 100/150 * 100 = 66.67%.

Suppose the Labor Force in Tiny Town Is 100 People