Question

A country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10 million are working full time. What is this country's labor force participation rate? Please show your work! Thanks!

Answer 1

Out of the 30 million adults, 15 million are working

( 5 million working part time and 10 million working full time)

labor participation rate of 50%