Question

Suppose that the # of Employed = 160 million, # of Unemployed = 10 million, and the Adult Civilian Population = 250 million. In this case the labor force participation rate equals ______(# in %) and the Employment to Adult Civilian Population ratio equals _______ (# in %).

Answer 1

labor force participation rate = 68%

employment to adult civilian population ratio = 64%

Step-by-step explanation:

total number of employed people = 160 million

total number of unemployed people = 10 million

total adult population = 250 million

total labor force = 170 million

labor force participation rate = total labor force / total adult population = 170 million / 250 million = 68%

employment to adult civilian population ratio = total number of employed people / total adult population = 160 million / 250 million = 64%