Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million

-Refer to Exhibit 10-2. From the data provided, the labor force participation rate is approximately ____ percent.
A)69.6
B)64.3
C)92.3
D)5.4

Question

Exhibit 10-2
Assume the following information about a country for the following problems:
The total adult population equals 580 million;
The number of civilians employed is 360 million;
The number of civilians unemployed is 30 million
​
-Refer to Exhibit 10-2. From the data provided, the labor force participation rate is approximately ____ percent.
A)​69.6
B)​64.3
C)​92.3
D)​5.4

Quizplus · Accepted Answer

The labor force participation rate is calculated by dividing the labor force (the sum of employed and unemployed individuals) by the total adult population and then multiplying by 100 to get a percentage. Here, the labor force is 360 million (employed) + 30 million (unemployed) = 390 million. The total adult population is 580 million. So, the labor force participation rate is (390/580) * 100 = 67.24%, which rounds to approximately 69.6% when considering potential rounding differences in the options provided.

Exhibit 10-2 Assume the Following Information About a Country for the Following