If the Working-Age Population Is 20 Million and Labor Force

question 216

Multiple Choice

If the working-age population is 20 million and labor force is 13 million,the labor force participation rate is

• A)65 percent.
• B)35 percent.
• C)153 percent.
• D)60 percent.
• E)impossible to calculate because data on the number of employed workers is needed.

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Definitions:

Periodic Interest Rate

The amount of interest charged or earned over a particular period of time, often expressed as a rate per month or quarter.

Compounded Annually

Interest calculation method where interest is added to the principal sum once per year, leading to an increase in the amount of subsequent interest.

Periodic Interest Rate

The amount of interest charged or earned over a specific period, often expressed as a percentage of the principal.

Payment Interval

The standard interval at which payments are made on a loan or investment, like monthly or yearly.