Table 13-1 Consider the Data Above for a Simple Economy

question 63

Multiple Choice

Table 13-1
$\begin{array}{|l|c|}\hline \text { Total population } & 20,000 \\\hline \text { Working-age population } & 15,000 \\\hline \text { Employment } & 1,000 \\\hline \text { Unemployment } & 100\\\hline\end{array}$ Consider the data above for a simple economy.
-Refer to Table 13-1.The labor force participation rate for this simple economy equals

• A) (1,000/1,100) × 100.
• B) (1,000/15,000) × 100.
• C) (1,100/15,000) × 100.
• D) (1,100/20,000) × 100.

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