The labor force participation rate is the number of people
A)employed divided by the adult population
B)employed divided by the number of people in the labor force
C)in the labor force divided by the adult population
D)unemployed divided by the number of people in the labor force
E)in the labor force divided by the number of people employed

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated as the number of people in the labor force divided by the adult population, which includes both employed and unemployed individuals who are actively seeking work. Option A only takes into account the employed population, while Option B divides the employed population by the labor force, which is a subset of the adult population. Option D divides the unemployed population by the labor force, which isn't relevant to the calculation of labor force participation rate, and Option E is the inverse of the correct formula.

The Labor Force Participation Rate Is the Number of People