How Is the Labour-Force Participation Rate Defined

question 187

Multiple Choice

How is the labour-force participation rate defined?

• A) (Employed ÷ Adult population) × 100
• B) (Employed ÷ Labour force) × 100
• C) (Labour force ÷ Adult population) × 100
• D) (Adult population ÷ Labour force) × 100

---

Definitions:

Successful Patent Application

The approval and granting of a patent by a patent office, providing legal protection for an invention, its process, or design.

Fair Value Concept

An accounting principle that assesses assets and liabilities at their current market value rather than their historical cost.

Impairment Tests

Assessments carried out to determine whether an asset's carrying value exceeds its recoverable amount, indicating a need for value adjustment.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.