If there are 48 million people in a country's labor force and the number of potential adult workers in the country is 80 million,the labor force participation rate in the economy is ________.

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the number of people in the labor force by the number of potential adult workers in the country and multiplying the result by 100. Therefore, the labor force participation rate in this economy is (48 million / 80 million) x 100 = 60 percent, which is option B.

If There Are 48 Million People in a Country's Labor