Which of the following is true of the labor force participation rate?
A) It is the percentage of the population working or seeking work.
B) It is the percentage of the population that is eligible to work legally.
C) It is the percentage of the population that is constantly changing jobs.
D) It is the percentage of the population with graduate degrees.

Question

Quizplus · Accepted Answer

The labor force participation rate refers to the percentage of the population that is either employed or actively seeking employment. Option B is incorrect because eligibility to work legally is determined by age, residency status, and work permits, among other factors, and is not directly related to labor force participation. Option C is incorrect because the labor force participation rate doesn't measure job turnover or job mobility. Option D is incorrect because having a graduate degree is not a determinant of labor force participation.

Which of the Following Is True of the Labor Force