If the labor- force participation rate is 85% and the total population 16 years of age or older is one million people, the labor force is:
A) 850,000 people.
B) 180,000 people.
C) 280,000 people.
D) 80,000 people.

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the population that is either employed or actively seeking employment. Therefore, if the total population 16 years of age or older is one million, and 85% of them are participating in the labor force, the labor force would be 85% of one million, which is 850,000 people.

If the Labor- Force Participation Rate Is 85% and the Total