If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force participation rate is
A) 71.4 percent.
B) 64.3 percent.
C) 78.6 percent.
D) 66.6 percent.

Question

Quizplus · Accepted Answer

The labor force participation rate is calculated as the labor force divided by the working-age population, multiplied by 100. The labor force is the sum of employed and unemployed people, which is 1100 (1000 employed + 100 unemployed). The working-age population is 1400. Thus, the labor force participation rate is (1100/1400) * 100 = 78.6 percent.

If the Number of People Unemployed Is 100, the Number