The Republic of Livonia has an adult population of 100 million; 60% of Livonia's population is employed, and 10% of the people are unemployed. The labor force participation rate in Livonia is _____%.

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated by adding the number of employed and unemployed people, then dividing by the total adult population and multiplying by 100. In Livonia, 60% are employed and 10% are unemployed, so (60% + 10%) = 70% of the adult population is either employed or actively looking for work, which is the labor force participation rate.

The Republic of Livonia Has an Adult Population of 100