In a small country, there are 5,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals
A)40 percent.
B)60 percent.
C)62.5 percent.
D)an undetermined amount given the lack of information.

Question

Quizplus · Accepted Answer

The Answer of In a small country, there are 5,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals
A)40 percent.
B)60 percent.
C)62.5 percent.
D)an undetermined amount given the lack of information.

In a Small Country, There Are 5,000 People in the Labor