In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the participation rate?

Name: In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the participation rate?
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Question

Quizplus · Accepted Answer

To find the participation rate, divide the labor force by the number of people 16 and older, i.e., 120,000,000/200,000,000 = 0.60, or 60 percent.

In a Country with 200 Million People Aged 16 Years