Question

If the number of employed people is 150 million, the number of unemployed people is 50 million, and the working-age population equals 285 million people, what is the labor force participation rate? DO NOT PUT THE "%" IN YOUR ANSWER. An answer of 5%, for example, would simply be 5.

Answer 1

Answer:

70.18

Explanation:

Labour force participation rate = [(employed + unemployed ) / working-age population ]

(150 + 50) / 285 = 0.7018 × 100 = 70.18%

I hope my answer helps you