If the number of people unemployed is 100, the number of people employed is 1,000, and the working-age population is 1,400, then the labor force participation rate is
A) 78.6 percent.
B) 71.4 percent.
C) 64.3 percent.
D) 66.6 percent.

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the working-age population that is in the labor force. The labor force is the sum of the employed and unemployed. In this case, the labor force is 1,000 + 100 = 1,100. The working-age population is 1,400. Therefore, the labor force participation rate is 1,100 / 1,400 * 100 = 78.6%.

If the Number of People Unemployed Is 100, the Number