Question

In: Economics

Given: Total Pop = 1200 Military pop = 30 Pop aged 15 or younger = 240...

Given:

Total Pop = 1200

Military pop = 30

Pop aged 15 or younger = 240

Institutional pop = 45

Employed = 680

Not in the labor force = 180

The labor force participation rate = ___%.

Select one:

A. 76.66

B. 77.66

C. 78.66

D. 79.66

Expert Solution

total civilian non institutionalized population = Total Pop - military pop - Pop aged 15 or younger - Institutional pop

= 1200 - 30 - 240 - 45 = 885

Total labor force = total civilian non institutionalized population - not in labor force = 885 - 180 = 705

Labor force participation rate = (Total labor force / total civilian non institutionalized population)*100

= (705/885)*100

= 79.66%

Thus, the answer is (d)

Rahul Sunny answered 2 years ago

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