If the relevant population is 268 million people and the number of people in the labor force is 148 million,the labor-force participation rate is:
A) 1.81%.
B) 4.8%.
C) 5.5%.
D) 44.8%.
E) 55.2%.

Question

Quizplus · Accepted Answer

The labor-force participation rate is calculated as the number of people in the labor force divided by the relevant population, multiplied by 100.

Therefore, the labor-force participation rate is:

(148 million / 268 million) x 100 = 55.2%

The best choice is E, which corresponds to 55.2%.

If the Relevant Population Is 268 Million People and the Number