Question 4 Population Labor Force Unemployed 2004 200 millio

Question 4 Population Labor Force Unemployed 2004 200 million 150 million 5 million 2005 225 million 165 million 15 million 2006 275 million 200 million 35 million What is the labor-force participation rate in 2004 in the table above? 18.3 percent O 133.3 percent. 75.0 percent. 77.5 percent.

Solution

Labour force participation ratio=(Labour force/population)*100

LFPR=(150/200)*100

LFPR=75%