The following table contains statistics for the country of Gregorville in 2017, a country in which all must either attend school, be available for work, or be retired.

-Refer to the table above.What is the labor force participation if 5,000 of those actively looking for a job find one?
A) 51.4 percent
B) 44.3 percent
C) 54.3 percent
D) Not enough information provided

Question

The following table contains statistics for the country of Gregorville in 2017, a country in which all must either attend school, be available for work, or be retired.
 
-Refer to the table above.What is the labor force participation if 5,000 of those actively looking for a job find one?
A) 51.4 percent 
B) 44.3 percent 
C) 54.3 percent 
D) Not enough information provided

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the working-age population that is employed or actively looking for work. If 5,000 of those actively looking for a job find one, then the labor force participation rate will increase by 5,000/115,000 * 100 = 4.35%. This will bring the labor force participation rate to 51.4%.

The Following Table Contains Statistics for the Country of Gregorville