The labour force divided by the working age population equals the
A) unemployment rate.
B) employment rate.
C) participation rate.
D) population rate.
E) duration ratE.

Question

Quizplus · Accepted Answer

The labour force divided by the working age population equals the participation rate, which is the percentage of the population that is in the labour force. The unemployment rate measures the percentage of the labour force that is unemployed, while the employment rate measures the percentage of the working age population that is employed. The population rate and duration rate are not valid economic indicators.

The Labour Force Divided by the Working Age Population Equals