The labor force participation rate equals the A) (number of employed divided by the labor force) * 100. B) (labor force divided by the number of people not in the labor force) * 100. C) (labor force divided by working-age population) * 100. D) (labor force divided by the total population) * 100.

Question

Gemma Daniels

Business

9 April, 12:34

The labor force participation rate equals the A) (number of employed divided by the labor force) * 100. B) (labor force divided by the number of people not in the labor force) * 100. C) (labor force divided by working-age population) * 100. D) (labor force divided by the total population) * 100.

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Vanessa Figueroa · Answer 1

The labor force participation rate equals (D) labor force divided by the total population * 100.

Explanation:

The formula for the Labor Force Participation Rate (LFPR) is

LFPR = LF / P.

LF is the total labor force

P is the entire population.

Labour force participation rate refers to that section of working population who is in the age group of 16-64 years and is either in the employed or seeking a job

The labor force participation rate is calculated by dividing the number of people actively participating in the labor force by the total number of people eligible to participate in the labor force