Homework SourseIn 2004 based on concepts similar to those used to estimate
| In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Canadian adult non-institutionalized population was 25.022 million, the labor force was 16.956 million, and the number of people employed was 15.864 million. |
| According to these numbers, the Canadian labor-force participation rate was about A) 6.4& B) 63.4% C)4.4% D) 67.8% |
| In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Canadian adult non-institutionalized population was 25.022 million, the labor force was 16.956 million, and the number of people employed was 15.864 million. |
Solution
Labor force participation rate = Labor force / adult non-institutionalized population
= 16.956 million / 25.022 million
= 0.6776, or 67.8%
Correct option (D)
