Question
Use the following table to answer question. Numbers are in millions.
The labor-force participation rate is
a. 47.1 percent.
b. 50.2 percent.
c. 65.9 percent.
d. 70.2 percent.
e. none of the above.
The labor-force participation rate is
a. 47.1 percent.
b. 50.2 percent.
c. 65.9 percent.
d. 70.2 percent.
e. none of the above.
Answers
GPT-4o mini
To calculate the labor-force participation rate, you need to know the number of people in the labor force and the total working-age population. The formula is:
\[
\text{Labor-force participation rate} = \left( \frac{\text{Labor Force}}{\text{Working-Age Population}} \right) \times 100
\]
Since I don't have access to the specific table you are referencing, I'm unable to provide the exact calculation or answer. If you can provide the specific values of the labor force and the working-age population from the table, I can help you calculate the labor-force participation rate and select the correct answer from the options provided.
\[
\text{Labor-force participation rate} = \left( \frac{\text{Labor Force}}{\text{Working-Age Population}} \right) \times 100
\]
Since I don't have access to the specific table you are referencing, I'm unable to provide the exact calculation or answer. If you can provide the specific values of the labor force and the working-age population from the table, I can help you calculate the labor-force participation rate and select the correct answer from the options provided.