What is the labor force participation rate for a nation with an adult population of 20 million, 12 million employed workers, and 3 million unemployed workers?

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (employed and unemployed workers) by the total adult population.

Labor Force = Employed + Unemployed 
Labor Force = 12 million + 3 million 
Labor Force = 15 million

Labor Force Participation Rate = (Labor Force / Adult Population) x 100 
Labor Force Participation Rate = (15 million / 20 million) x 100 
Labor Force Participation Rate = 75%

Therefore, the answer is C, 75%.

What Is the Labor Force Participation Rate for a Nation