a.
has chosen to participate in the labor market.
b.
has ever been employed.
c.
is able to participate in the labor market.
d.
has chosen not to participate in the labor market.
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The labor-force participation rate tells us the fraction of the population that
a. has chosen to participate in the labor market.
This rate is calculated by dividing the number of people who are either employed or actively seeking work by the total working-age population.
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2 answers
1 answer