The next question(s) refer to the following data:
Suppose a country using the Australian system of unemployment statistics has 300 million people, of whom 200 million are working age. Of these 200 million, 80 million have jobs. Of the remainder: 40 million are actively searching for jobs; 40 million would like jobs but are not searching; and 40 million do not want jobs at all.
-Refer to the information above. The labour force participation rate is:
A) 0.2.
B) 0.6.
C) 0.3.
D) 0.8.
E) 0.4.
Correct Answer:
Verified
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