The population (age 16 and over)of Econoland is 100 million;5 million are unemployed,and 70 million hold jobs.The labor force participation rate in Econoland is

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The labor force participation rate is calculated by dividing the labor force (employed + unemployed) by the total population (age 16 and over) and then multiplying by 100. In Econoland, the labor force is 75 million (70 million employed + 5 million unemployed), and the population is 100 million. Thus, the labor force participation rate is (75/100) * 100 = 75 percent.

The Population (Age 16 and Over)of Econoland Is 100 Million;5