If the number of unemployed equals 240,000 and the number of employed equals 300,000, the labor-force participation rate
A) is 80%.
B) is 55.6%.
C) is 24%.
D) cannot be determined from this information.

Question

Quizplus · Accepted Answer

The labor-force participation rate is calculated as the labor force divided by the total population eligible to work (usually adults not institutionalized), and since we don't have the total population eligible to work, we cannot determine the labor-force participation rate from the given information.

If the Number of Unemployed Equals 240,000 and the Number