High School

Suppose the labor force in Tiny Town is 100 people. If the ________ in Tiny Town is 150 people, the labor force participation rate equals ________ multiplied by 100.

A. number of employed persons; 100/250
B. working age population; 100/150
C. number of employed persons; 100/150
D. working age population; 100/250

Answer :

Final answer:

The labor force participation rate is calculated by dividing the number of people in the labor force by the working age population and multiplying by 100.

Explanation:

The correct answer is C) number of employed persons; 100/150. The labor force participation rate is calculated by dividing the number of people in the labor force by the working age population in Tiny Town. In this case, the labor force is given as 100 people and the size of the working age population is 150 people. To calculate the labor force participation rate, divide 100 by 150 and multiply by 100 to get the percentage.

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