Asked by Silupe Lanier on Apr 25, 2024
Verified
In an economy,U = the number of adults who are unemployed,E = the number of adults who are employed,and NLF = the number of adults not in the labor force.The labor force participation rate in the economy is equal to:
A) U/(U + E) .
B) E/(U + E) .
C) U/(U + E + NLF) .
D) E/(U + E + NLF) .
E) (U + E) /(U + E + NLF) .
Labor Force Participation Rate
The percentage of the total working-age population that is active in the labor market, either employed or actively seeking employment.
Adults
Individuals who have reached a specific age or maturity level, generally considered to be the age at which they can assume legal rights and responsibilities.
Unemployed
Individuals who are jobless, actively seeking work, and available to take up employment.
- Compute the participation rates of the labor force.
Verified Answer
Learning Objectives
- Compute the participation rates of the labor force.
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