Suppose the labor force in Tiny Town is 100 people. If the ________ in Tiny Town is 150 people, the labor force participation rate equals ________ multiplied by 100.
A) working age population; 100/150
B) working age population; 100/250
C) number of employed persons; 100/250
D) number of employed persons; 100/150

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated as the labor force divided by the working age population, then multiplied by 100. If the labor force is 100 and the working age population is 150, the rate is (100/150)*100.

Suppose the Labor Force in Tiny Town Is 100 People