Labor Stats
The Labor Market
This table shows the 2003 data for males and females ages 16 and over in the imaginary country of Meditor.

-Refer to Labor Stats.What is the adult labor-force participation rate in Meditor?
A)4.12%
B)12.50%
C)37.50%
D)66.67%

Question

Labor Stats
The Labor Market
This table shows the 2003 data for males and females ages 16 and over in the imaginary country of Meditor.
 
-Refer to Labor Stats.What is the adult labor-force participation rate in Meditor?
A)4.12% 
B)12.50% 
C)37.50% 
D)66.67%

Quizplus · Accepted Answer

The adult labor-force participation rate is calculated by adding the number of employed and unemployed adults and dividing that by the total population of adults. In this case, the number of employed and unemployed adults (which includes those who are actively seeking work) is 8,000 + 2,000 = 10,000. The total population of adults is 15,000. Dividing 10,000 by 15,000 and multiplying by 100 gives us a participation rate of 66.67%. Therefore, the correct answer is D.

Labor Stats The Labor Market