Employment status of the working age population
of Metropolis is approximately:
Table 12.1
-Given the data in Table 12.1, the labor force participation rate of Metropolis is approximately
A) 96 percent.
B) 91 percent.
C) 83 percent.
D) 78 percent.

Question

Employment status of the working age population
of Metropolis is approximately:
  Table 12.1
-Given the data in Table 12.1, the labor force participation rate of Metropolis is approximately
A) 96 percent. 
B) 91 percent. 
C) 83 percent. 
D) 78 percent.

Quizplus · Accepted Answer

The labor force participation rate is calculated as the number of people in the labor force divided by the total population. In Metropolis, the labor force is 1,000,000 and the total population is 1,040,000. Therefore, the labor force participation rate is 1,000,000 / 1,040,000 = 0.96, or approximately 96 percent.

Employment Status of the Working Age Population