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shayanbk shayanbk
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2 weeks ago
Measures of Unemployment

If the working-age population is 235 million, the number of people employed is 170 million, and the number of people unemployed is 15 million, then the labor force participation rate is ________. (Round to the nearest tenth when appropriate.)

▸ 56.0%

▸ 6.4%

▸ 78.7%

▸ 72.3%
Textbook 

Macroeconomics


Edition: 3rd
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marcospolosmarcospolos
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78.7%

The answer is calculated as: [(number of unemployed + number of employed) / working-age population] x 100.
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