Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the labor force participation rate?
A) 0.68 percent
B) 68 percent
C) 85.7 percent
D) 86.7 percent

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the working-age population that is in the labor force. In this case, the working-age population is 175 million people and the labor force is 150 million people, so the labor force participation rate is 150 / 175 * 100 = 85.7%.

Suppose the Population Is 220 Million People, the Labor Force