How Is the Labour-Force Participation Rate Computed

question 140

Multiple Choice

How is the labour-force participation rate computed?

• A) as the number of adults in the labour force divided by the adult population times 100
• B) as the number of adults in the labour force divided by the number of unemployed times 100
• C) as the number of adults in the labour force divided by the unemployment rate times 100
• D) as the number of adults in the labour force times the participation rate times 100

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Definitions:

Modified

Changed or altered from the original form, often to improve functionality or performance.

Temporary Use

The limited-time utilization of an asset or service for a specific period or purpose.

Personal Purpose

A motive or intention that serves an individual's own interests or desires, often distinct from business or professional objectives.

Goods Contract

A legally binding agreement concerning the sale, purchase, or lease of physical items or products.