Question

multiple choice question
which of the following most accurately describes how to calculate the labor force participation rate?
o $\frac{working - age population}{labor force}\times100$
o $\frac{number employed}{working - age population}\times100$
o $\frac{labor force}{working - age population}\times100$
o $\frac{number employed}{labor force}\times100$

Explanation:

The labor - force participation rate is calculated as the labor force (the sum of employed and unemployed) divided by the working - age population, then multiplied by 100.

Answer:

C. $\frac{\text{Labor force}}{\text{working - age population}}\times100$