$\text { Table } 6.1$ What Was the Labor Force Participation Rate in 2004 in

question 87

Multiple Choice

$\begin{array}{lrrr}&2004&005&2006\\\text { Population } & 200 \text { million } & 225 \text { million } & 275 \text { million } \\\text { Labor Force } & 150 \text { million } & 165 \text { million } & 200 \text { million } \\\text { Unemployed } & 5 \text { million } & 15 \text { million } & 35 \text { million }\end{array}$

$\text { Table } 6.1$ What was the labor force participation rate in 2004 in Table 6.1?

• A)18.3 percent.
• B)133.3 percent.
• C)75.0 percent.
• D)77.5 percent.

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Definitions:

Exact Simple Interest

A method of calculating interest that uses a base of 365 days per year, ensuring accuracy based on actual calendar days.

365-Day Year

A 365-day year is a calendar method used in finance that assumes all years have 365 days for the calculation of interest rates.

Exact Simple Interest

Exact simple interest is a calculation method where interest accrues on a principal sum at a constant rate over a specific time period, using a 365-day year for calculations.

365-Day Year

A method used in finance that assumes a year consisting of 365 days for calculating interest, ignoring leap years.