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) 18.9%.
B) 36.9%.
C) 65.3%.
D) 10.1%.
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) 18.9%. 
B) 36.9%. 
C) 65.3%. 
D) 10.1%. 
E) 8.5%.

Quizplus · Accepted Answer

The labor-force participation rate is equal to the number of people in the labor force divided by the total population ages 16 and over. In this case, the labor force is 131 million and the population ages 16 and over is 201 million. Therefore, the labor-force participation rate is (131/201) x 100 = 65.3%.

Use the Following Table to Answer the Questions That Follow