In 2004, based on concepts similar to those used to estimate U.S. employment fig

Question

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.

Explanation / Answer

Labor force participation rate = Labor force / adult non-institutionalized population

= 16.956 million / 25.022 million

= 0.6776, or 67.8%

Correct option (D)

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