Asked by Avery Harris on Jul 08, 2024
Verified
Write the formula for calculating the labor force participation rate.
Labor Force Participation Rate
a measure of the active portion of an economy's labor force, calculated as the labor force divided by the total working-age population, expressed as a percentage.
- Comprehend the principles of the labor force, unemployment rate, and labor force participation rate.
Verified Answer
PG
Learning Objectives
- Comprehend the principles of the labor force, unemployment rate, and labor force participation rate.