-The labor force participation rate is the ratio of
A) (the labor force divided by the working-age population) multiplied by 100.
B) (the number of unemployed divided by the working-age population) multiplied by 100.
C) (the labor force divided by the total population) multiplied by 100.
D) (the number of unemployed divided by the labor force) multiplied by 100.

Question

-The labor force participation rate is the ratio of
A) (the labor force divided by the working-age population) multiplied by 100. 
B) (the number of unemployed divided by the working-age population) multiplied by 100. 
C) (the labor force divided by the total population) multiplied by 100. 
D) (the number of unemployed divided by the labor force) multiplied by 100.

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (the sum of those who are employed and those who are unemployed but seeking work) by the working-age population (typically those aged 16 and over who are not institutionalized) and then multiplying by 100 to express it as a percentage.

-The Labor Force Participation Rate Is the Ratio of