-The Labor Force Participation Rate Is Calculated as the
A)

question 285

Multiple Choice

$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Not working } \\\text { and looking for } \\\text { work (millions) }\end{array} & \begin{array} { c } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$
-The labor force participation rate is calculated as the

• A) labor force divided by the working age population then multiplied by 100.
• B) labor force divided by the unemployment rate then multiplied by 100.
• C) number of persons unemployed divided by the labor force then multiplied by 100.
• D) labor force divided by the number of persons employed then multiplied by 100.

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Definitions:

Interaction

A situation in statistical analyses where the effect of one variable on an outcome depends on the level of another variable.

Variances

Measures of the spread or dispersion within a set of data points, indicating how much individual observations differ from the average value.

Two-way Factor ANOVA

A statistical analysis technique used to examine the impact of two independent variables on a dependent variable, and it also considers the interaction between the two independent variables.

Interaction Component

Part of an analysis that measures the effect of combining two or more factors, beyond their individual effects.