Question

question 4 1 pts

using the table above, the labor force participation rate is

10.0 percent.
90.0 percent.
100 percent.
83.3 percent.
11.1 percent.

Explanation:

Step1: Recall the formula for labor - force participation rate

The formula for the labor - force participation rate is $\frac{\text{Labor force}}{\text{Working - age population}}\times100\%$.

Step2: Substitute the values from the table

We are given that the labor force is $10000$ and the working - age population is $12000$. So, we calculate $\frac{10000}{12000}\times100\%$.

Step3: Simplify the fraction

$\frac{10000}{12000}=\frac{10}{12}=\frac{5}{6}\approx0.833$. Then, $0.833\times100\% = 83.3\%$.

Answer:

83.3 percent.