In a country with a working-age population of 300 million, 230 million workers are employed and 40 million workers are unemployed. What is the labor force participation rate?
A) 100 percent
B) 90 percent
C) 65 percent
D) 5 percent

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. The labor force includes both employed and unemployed workers, so it's 230 million + 40 million = 270 million. Therefore, the labor force participation rate is (270 million / 300 million) * 100 = 90 percent.

In a Country with a Working-Age Population of 300 Million