$$\begin{array} { | l | l | }
\hline { \text { Component } } & \begin{array} { l }
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Under 16 } & 50 \
\hline \text { Working full-time } & 90 \
\hline \text { Working part-time } & 30 \
\hline \text { Retired } & 40 \
\hline \text { Unemployed } & 5 \
\hline
\end{array}$$
-Using the data in the above table, the labor force participation rate is
A) 96.0 percent.
B) 66 percent.
C) 75.7 percent.
D) 58.1 percent.

Question

$$\begin{array} { | l | l | } 
\hline { \text { Component } } & \begin{array} { l } 
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Under 16 } & 50 \
\hline \text { Working full-time } & 90 \
\hline \text { Working part-time } & 30 \
\hline \text { Retired } & 40 \
\hline \text { Unemployed } & 5 \
\hline
\end{array}$$
-Using the data in the above table, the labor force participation rate is
A) 96.0 percent.
B) 66 percent.
C) 75.7 percent.
D) 58.1 percent.

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the population that is either employed or unemployed. In this case, the labor force is 90 + 30 + 5 = 125 million people, and the population is 50 + 90 + 30 + 40 + 5 = 215 million people. Therefore, the labor force participation rate is 125 / 215 * 100 = 75.7 percent.

-Using the Data in the Above Table, the Labor Force