In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Japanese adult non-institutionalized population was 109.684 million,the labor force was 65.760 million,and the number of people employed was 62.630 million.According to these numbers,the Japanese labor-force participation rate and unemployment rate were about
A)60%, 2.9%
B)60%, 4.8%
C)57.1%, 2.9%
D)57.1%, 4.8%

Question

Quizplus · Accepted Answer

The labor-force participation rate is calculated as (labor force / adult non-institutionalized population) * 100 = (65.760 / 109.684) * 100 ≈ 60%. The unemployment rate is calculated as ((labor force - employed) / labor force) * 100 = ((65.760 - 62.630) / 65.760) * 100 ≈ 4.8%.

In 2004,based on Concepts Similar to Those Used to Estimate