Which of the following pieces of information do you need to calculate the labor force participation r
I. the number of employed persons
II. the number of unemployed persons
III. the population
IV. the working age population
A) I and II
B) I, II and III
C) I, II and IV
D) I and III

Question

Quizplus · Accepted Answer

To calculate the labor force participation rate, you need both the number of employed and unemployed persons, as well as the working age population. The total population is not necessary for calculating the participation rate.

Which of the Following Pieces of Information Do You Need