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Homework Answers
Answer is Option B 44.49
*Labour force participation rate is calculated by dividing the labour force with working age population.
* Labour force consists of employed and unemployed.
Working age population= 290000
Labour force= employed + unemployed
Employed = 110000
Unemployed= 19000
Labour force= 11000+19000= 129000.
Therefore, labour force participation rate = labour force/ working age population
= 129000/290000=44.48276=44.49
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Basic easy to understand explanation or a step-by-step if its
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Please show step by step on how the calculations are made: Thank you. I have uploaded...
Please show step by step on how the calculations are made: Thank
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