If a country has a population of 300 million and a labour force of 200 million, then its labour force participation rate is:
A)0.67
B)1.5
C)100 million.
D)200 million.

Question

Quizplus · Accepted Answer

Labour force participation rate is calculated as:
Labour force/Total population
=200 million/300 million
=0.67 (rounded to two decimal places)
Therefore, the labour force participation rate is 0.67 or 67%.

If a Country Has a Population of 300 Million and a Labour