Q14. The labor force was 25 million, working age population was 45 million, the number of people employed was 15 million. The labor force participation rate is a. 0.55 b. 15 million C. 55% d. 20 million
Q14. The labor force was 25 million, working age population was 45 million, the number of people employed was 15 million. The labor force participation rate is a. 0.55 b. 15 million C. 55% d. 20 million
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 3SQP
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![Q14. The labor force was 25 million, working age population was 45 million, the number of people
employed was 15 million. The labor force participation rate is
a. 0.55
b. 15 million
C. 55%
d. 20 million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdc0b942f-4fb7-4e88-adf6-e037c40b9ade%2F04f5f2fc-37ff-4a4e-90c7-a10401842c05%2Fmm2bp9b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q14. The labor force was 25 million, working age population was 45 million, the number of people
employed was 15 million. The labor force participation rate is
a. 0.55
b. 15 million
C. 55%
d. 20 million
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