Question

question
suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million. what is the labor force
participation rate? round your answer to the nearest tenth.
provide your answer below:
labor force participation rate = %

Explanation:

Step1: Recall the formula for labor - force participation rate

The formula for the labor - force participation rate is \( \text{Labor - force participation rate}=\frac{\text{Labor force}}{\text{Adult population}}\times100\%\)

Step2: Substitute the given values into the formula

We are given that the labor force \(L = 153.9\) million and the adult population \(A=237.8\) million.
Substitute these values into the formula: \(r=\frac{153.9}{237.8}\times 100\%\)

Step3: Calculate the value

First, calculate \(\frac{153.9}{237.8}\approx0.647\)
Then, \(r = 0.647\times100\%=64.7\%\)

Answer:

\(64.7\%\)