Population: Adult Number of Number of Number of populationadults (number employed: unemployed:in the of people adults adults not labor 15 years of force: age and over): 80,000,000 60,000,00030,000,00020,000,000 10,000,000 Answer the following question based on the table and corresponding information presented above: The labor force participation rate is:

Essentials of Economics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter20: Unemployment
Section20.1: Identifying Unemployment
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J00 148SoruNo=11
Population: Adult
Number of Number of Number of
populationadults
(number employed: unemployed:in the
of people
adults
adults not
labor
15 years of
force:
age and
over):
80,000,000 60,000,00030,000,000 20,000,000 10,000,000
Answer the following question based on the table and corresponding information presented above:
The labor force participation rate is:
A)
0.80 or 80%.
B)
0.375 or 37.5%
C)
0.50 or 50%
@ 186 © IAU
Transcribed Image Text:J00 148SoruNo=11 Population: Adult Number of Number of Number of populationadults (number employed: unemployed:in the of people adults adults not labor 15 years of force: age and over): 80,000,000 60,000,00030,000,000 20,000,000 10,000,000 Answer the following question based on the table and corresponding information presented above: The labor force participation rate is: A) 0.80 or 80%. B) 0.375 or 37.5% C) 0.50 or 50% @ 186 © IAU
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