What is the participation rate if there are 125 million people in the labour force,100 million people employed,and 25 million not in the labour force?
A)83%
B)80%
C)75%
D)67%

Question

Quizplus · Accepted Answer

The participation rate is calculated as the labor force divided by the total working-age population. Here, the labor force is 125 million, and the total working-age population is 125 million (labor force) + 25 million (not in the labor force) = 150 million. So, the participation rate is (125/150) * 100 = 83%.

What Is the Participation Rate If There Are 125 Million