If the labor force is 250,000 and the total population 16 years of age or older is 300,000, the labor- force participation rate is:
A) 79.5%.
B) 80.9%.
C) 45.4%.
D) 83.3%.

Question

Quizplus · Accepted Answer

The labor-force participation rate is calculated by dividing the labor force by the total population 16 years of age or older and then multiplying by 100. (250,000 / 300,000) * 100 = 83.3%.

If the Labor Force Is 250,000 and the Total Population