Knowee
Questions
Features
Study Tools

If the number of unemployed equals 125,000 and the number of employed equals 275,000, the labor-force participation rateChoose one answer from the options below.is 31.2%is 68.8%is 75%cannot be determined from this information.

Question

If the number of unemployed equals 125,000 and the number of employed equals 275,000, the labor-force participation rateChoose one answer from the options below.is 31.2%is 68.8%is 75%cannot be determined from this information.

🧐 Not the exact question you are looking for?Go ask a question

Solution

The labor force participation rate is calculated as the sum of the number of employed and unemployed individuals divided by the total population, then multiplied by 100 to get a percentage. However, in this question, the total population is not given, so we cannot determine the labor force participation rate from this information.

Similar Questions

Assume a country has a total population of 58 million, of which 70 per cent are part of the working-age population. 23.7 million working-age people are not looking for a job, and 11.35 million are employed. What are the labour force participation rate (LFPR) and the unemployment rate (u)?a.LFPR = 41.6%; u = 19.5%b.LFPR = 41.6%; u = 32.8%c.LFPR = 59.4%; u = 19.5%d.LFPR = 59.4%; u = 32.8%

If the number employed is 12 million, the working-age population is 16 million, and the number unemployed is 0.7 million, then the unemployment rate is —.Group of answer choices5.51%5.17%3.75%12%

In a given country, the total labor force population is 5,000,000, the number of employed people is 4,200,000, and the number of people looking for work but not finding it for the time being is 800,000. Please calculate the unemployment rate of the country.

Data for an economy shows that the unemployment rate is 6 percent, the participation rate is 60 percent, and 20 million people 15 years or older are not in the labour force. How many people are unemployed this economy?

Assume a country has a total population of 20 million, of which 80 per cent are adults. 2.4 million of the adult population is not looking for a job, and 448,000 persons are employed. What is the labour force participation rate?a.5%b.80%c.85%d.95%

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.