Exhibit 18-1 Refer to Exhibit 18-1.From the data provided,the labor force participation rate is approximately ____ percent.

Question

Exhibit 18-1  Refer to Exhibit 18-1.From the data provided,the labor force participation rate is approximately ____ percent.

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force by the total population and multiplying by 100. In this case, the labor force is the sum of the employed and unemployed, which is 142 million. The total population is 204 million. Dividing the labor force by the total population and multiplying by 100 results in a labor force participation rate of approximately 69.6 percent.