-The labor force participation rate is calculated as the
A) labor force divided by the number of persons employed then multiplied by 100.
B) number of persons unemployed divided by the labor force then multiplied by 100.
C) labor force divided by the unemployment rate then multiplied by 100.
D) labor force divided by the working age population then multiplied by 100.

Question

-The labor force participation rate is calculated as the
A) labor force divided by the number of persons employed then multiplied by 100. 
B) number of persons unemployed divided by the labor force then multiplied by 100. 
C) labor force divided by the unemployment rate then multiplied by 100. 
D) labor force divided by the working age population then multiplied by 100.

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (the sum of those who are employed and those who are unemployed but seeking work) by the working age population (typically those aged 16 and over who are not institutionalized) and then multiplying by 100 to get a percentage.

-The Labor Force Participation Rate Is Calculated as the