Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m. What is the labour force participation rate in Country A? 100% O 72% 68% O 94.44% O 83.33%

Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m. What is the labour force participation rate in Country A? 100% O 72% 68% O 94.44% O 83.33%

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 12E

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Question

Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m.
What is the labour force participation rate in Country A?
O 100%
72%
68%
94.44%
83.33%

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