If a country has a population of 100 million and a labour force of 60 million, then its labour force participation rate is:
A)0.6.
B)1.67
C)40 million.
D)60 million.

Question

Quizplus · Accepted Answer

The labour force participation rate is the percentage of the total population that is in the labour force. So, the labour force participation rate in this case would be 60 million (labour force) divided by 100 million (total population), which equals 0.6 or 60%.

If a Country Has a Population of 100 Million and a Labour