The Labor Force Participation Rate Is the Number of People

question 83

Multiple Choice

The labor force participation rate is the number of people in the labor force divided by the number of people in the country who are of working age and not institutionalized. The BLS reported in February 2012 that the labor force participation rate in the United States was 63.7% (Calculatedrisk.com) . A marketing company asks 120 working-age people if they either have a job or are looking for a job, or, in other words, whether they are in the labor force. What is the probability that fewer than 60% of those surveyed are members of the labor force?

• A) 0.1996
• B) 0.7995
• C) 0.8400
• D) 0.9706

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Definitions:

Normativity

The belief or assumption that certain behaviors, values, or norms are the standard or norm, often implicitly excluding or demeaning others.

Ableism

Discrimination and social prejudice against people with disabilities, based on the belief that typical abilities are superior.

Wheelchair

A chair mounted on wheels designed to provide mobility to individuals who are unable to walk due to illness, injury, or disability.

GDP

Gross Domestic Product, a monetary measure that represents the market value of all final goods and services produced within a country during a specific period.