Suppose the adult population in the country of Candora is 171 million. The number of adults in the labor force is 97 million, and the number of unemployed adults is 74 million. The labor force participation rate in Candora approximately equals _____.

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Answer:

The labor force participation rate in Candora approximately equals 56.72%.

Explanation:

Given that the adult population of Candora is 171 million, of which 97 million are in the workforce and 74 million are unemployed, to obtain the percentage of participation in the workforce of said country we must carry out the following calculation:

171 = 100

97 = X

(97 x 100) / 171 = X

9700/171 = X

56.72 = X

Thus, the percentage of participation in the Candora workforce is 56.72% of the country's adult population, while the remaining 43.28% are unemployed.

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