Given the information in the table, what is the labor force participation rate? Catagory Less than 16 years old Full-time workers Full-time military Part-time workers A. 74.7% OB. 74.3% OC. 63.1% OD. 69.2% Institutionalized Looking for work Retired Number of people (millions) 40 135 1.2 20 14.8 11.5 41.5

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter14: Labor Markets And Income
Section: Chapter Questions
Problem 29RQ: Does a gap between the average earnings of men and women, or between whites and blacks, prove that...
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Given the information in the table, what is the labor force participation rate?
Catagory
Less than 16 years old
Full-time workers
Full-time military
Part-time workers
A. 74.7%
OB. 74.3%
OC. 63.1%
OD. 69.2%
Institutionalized
Looking for work
Retired
Number of people (millions)
40
135
1.2
20
14.8
11.5
41.5
Transcribed Image Text:Given the information in the table, what is the labor force participation rate? Catagory Less than 16 years old Full-time workers Full-time military Part-time workers A. 74.7% OB. 74.3% OC. 63.1% OD. 69.2% Institutionalized Looking for work Retired Number of people (millions) 40 135 1.2 20 14.8 11.5 41.5
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