multiple choice question\nwhich of the following most accurately describes how to calculate the labor force…

multiple choice question\nwhich of the following most accurately describes how to calculate the labor force participation rate?\no $\frac{working - age population}{labor force}\times100$\no $\frac{number employed}{working - age population}\times100$\no $\frac{labor force}{working - age population}\times100$\no $\frac{number employed}{labor force}\times100$

multiple choice question\nwhich of the following most accurately describes how to calculate the labor force participation rate?\no $\frac{working - age population}{labor force}\times100$\no $\frac{number employed}{working - age population}\times100$\no $\frac{labor force}{working - age population}\times100$\no $\frac{number employed}{labor force}\times100$

Answer

Brief Explanations:

The labor - force participation rate is calculated as the labor force (the sum of employed and unemployed) divided by the working - age population, then multiplied by 100.

Answer:

C. $\frac{\text{Labor force}}{\text{working - age population}}\times100$