Table 28-5
2015 Labor Data for Tajnia
$$\begin{array} { | l | l | }
\hline \text { Number of adults employed } & 10,000 \
\hline \text { Number of adults unemployed } & 2,250 \
\hline \text { Number of adults not in the labor force } & 17,750 \
\hline
\end{array}$$
-Refer to Table 28-5. The labor-force participation rate of Tajnia in 2015 is about 33.3 percent.

Question

Table 28-5
2015 Labor Data for Tajnia
 $$\begin{array} { | l | l | } 
\hline \text { Number of adults employed } & 10,000 \
\hline \text { Number of adults unemployed } & 2,250 \
\hline \text { Number of adults not in the labor force } & 17,750 \
\hline
\end{array}$$
-Refer to Table 28-5. The labor-force participation rate of Tajnia in 2015 is about 33.3 percent.

Quizplus · Accepted Answer

The labor-force participation rate is calculated as the labor force divided by the total adult population, then multiplied by 100. The labor force includes both employed and unemployed adults, so in Tajnia, it's 10,000 (employed) + 2,250 (unemployed) = 12,250. The total adult population is the sum of those in the labor force and those not in the labor force, so 12,250 (in the labor force) + 17,750 (not in the labor force) = 30,000. Therefore, the labor-force participation rate is (12,250 / 30,000) * 100 = 40.83%, not 33.3%.

Table 28-5 2015 Labor Data for Tajnia -Refer to Table 28-5

Table 28-5
2015 Labor Data for Tajnia -Refer to Table 28-5