Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the labor force participation rate?
A) 0.68 percent
B) 86.7 percent
C) 85.7 percent
D) 68 percent

Question

Quizplus · Accepted Answer

Labor force participation rate = (Labor force / Working-age population) x 100%
= (150 million / 175 million) x 100%
= 85.7%
Therefore, the answer is C) 85.7 percent.

Suppose the Population Is 220 Million People, the Labor Force