QUESTION 8 8.33333 points Save Answer Number of people CategoryGnillions) Total

Question

QUESTION 8 8.33333 points Save Answer Number of people CategoryGnillions) Total popuiation Laboe force Emploved worke 250 Working-age popalation 160 120 115 Using the table above, the labor participation rate is O 75 percent 67 percent 48 percent 83 percent QUESTION 9 8.33333 points Save Answer ih a recession, which unemployment rate is the highest? the U-2 unempleyment rate the U-3 unemployenent rate the U-6 unemployment rate the U-1 unemploymert rate QUESTION 10 8.33333 points Save Anawer Asfirms serch for the best employee to fa an coring andthe unemployed search for the Ob nat best fits ter sil, the economy frictional unemployment structural unemplayment cyclical unemployment

Explanation / Answer

Question 8

Labor force = 120 million

Working-age population = 160 million

Calculate the labor participation rate -

Labor participation rate = [Labor force/Working-age population] * 100

Labor participation rate = [120 million/160 million] * 100 = 75%

The labor participation rate is 75 percent.

Hence, the correct answer is the option (1) [75 percent].

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