-The Labor Force Participation Rate Is Calculated as the

question 364

Multiple Choice

-The labor force participation rate is calculated as the

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

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Definitions:

Equilibrium

A state in a market where supply equals demand, conditions are stable, and there is no incentive for prices to change, leading to a balance between competing forces.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Equilibrium

In economics, a state where market supply and demand balance each other, and as a result, prices become stable.

Coconuts

Tropical fruits or the hard-shelled seeds of the coconut palm, often used metaphorically in economics and game theory to represent tradable resources.