In an economy,U = the number of adults who are unemployed,E = the number of adults who are employed,and NLF = the number of adults not in the labor force.The labor force participation rate in the economy is equal to:
A)U/(U + E).
B)E/(U + E).
C)U/(U + E + NLF).
D)E/(U + E + NLF).
E)(U + E)/(U + E + NLF).

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the total adult population that is either employed or actively seeking employment. This is represented by (U + E) / (U + E + NLF) because the total adult population is the sum of the employed adults, unemployed adults, and adults not in the labor force. Therefore, the correct answer is E.

In an Economy,U = the Number of Adults Who Are