-Refer to Exhibit 6-2.The labor force participation rate in year 1 is
A) 12 1/2 percent.
B) 80 percent.
C) 87 1/2 percent.
D) 70 percent.
E) 10 percent.

Question

-Refer to Exhibit 6-2.The labor force participation rate in year 1 is
A) 12 1/2 percent. 
B) 80 percent. 
C) 87 1/2 percent. 
D) 70 percent. 
E) 10 percent.

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force by the working-age population and multiplying by 100. Without specific numbers from Exhibit 6-2, the correct choice is based on typical values, and 80 percent is a common labor force participation rate.