Asked by Silupe Lanier on Apr 25, 2024

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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.
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KB
Kelechi BenedictaMay 01, 2024
Final Answer :
E
Explanation :
The labor force participation rate is the percentage of the total adult population that is either employed or actively seeking employment. This is represented by (U + E) / (U + E + NLF) because the total adult population is the sum of the employed adults, unemployed adults, and adults not in the labor force. Therefore, the correct answer is E.