Use the following table to answer the questions that follow.

-According to the table,the labor-force participation rate in this economy is equal to:
A) 4.9%.
B) 92.2%.
C) 63.4%.
D) 7.8%.
E) 8.5%.

Question

Use the following table to answer the questions that follow.
 
-According to the table,the labor-force participation rate in this economy is equal to:
A) 4.9%. 
B) 92.2%. 
C) 63.4%. 
D) 7.8%. 
E) 8.5%.

Quizplus · Accepted Answer

The labor-force participation rate is calculated by dividing the labor force (158.9 million) by the working-age population (250.43 million) and multiplying by 100. Therefore, the labor-force participation rate is (158.9/250.43) x 100 = 63.4%.

Use the Following Table to Answer the Questions That Follow