If the adult population equals 250 million, of which 145 million are employed and 5 million are unemployed, the labor force participation rate equals ______ percent.
A) 50
B) 58
C) 60
D) 67

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated as the number of people in the labor force (employed plus unemployed) divided by the total adult population. Therefore:

Labor Force Participation Rate = (Employed + Unemployed) / Adult Population

Labor Force Participation Rate = (145 million + 5 million) / 250 million

Labor Force Participation Rate = 150 million / 250 million

Labor Force Participation Rate = 0.6 or 60%

Therefore, the correct answer is (C) 60.

If the Adult Population Equals 250 Million, of Which 145