Multiple Choice
The labor force participation rate is
A) the number of persons employed divided by the number of persons unemployed.
B) the number of persons 16 years of age and older who are either employed or actively seeking work divided by the total noninstitutional population 16 years of age and older.
C) the number of persons employed divided by the number of persons 16 years of age and older.
D) the number of persons who are actively seeking work divided by the number of persons who are employed.
Correct Answer:
Verified
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