If the working age population is 27.3 million, the number of employed persons is 10.4 million, and the number of unemployed persons is 2.9 million, what is the labor force participation rate for this country? O 21.8% O 38.1% O 78.2% O 48.7%

If the working age population is 27.3 million, the number of employed persons is 10.4 million, and the number of unemployed persons is 2.9 million, what is the labor force participation rate for this country? O 21.8% O 38.1% O 78.2% O 48.7%

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 10PA

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If the working age population is 27.3 million, the number of employed persons is 10.4 million, and the number of unemployed persons is 2.9 million, what is the labor
force participation rate for this country?
O 21.8%
O 38.1%
78.2%
48.7%

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