Question

If the total adult working population of Country X is 450 million, the number of unemployed people is 95 million, and the number of employed people is 245 million, what is the labor force participation rate? Round your answer to the nearest tenth.

Answer 1

Answer:

Labor force participation rate = 75.55% (Approx)

Explanation:

Given:

Working population = 450 million

Unemployed people = 95 million

Number of employed people = 245 million

Find:

Labor force participation rate

Computation:

Total labor = 245 + 95 = 340 million

Labor force participation rate = [340 / 450]100

Labor force participation rate = 75.55% (Approx)

Answer 2

If the total adult working population of a country X is 450million, then the Labor force participation rate is 75.55% (Approx)

What is the population?

The term population defines as the number of people in an individual region or area or country, no matter whether it be a city or town, continent, world, region, or the country.

Computation of Labor force participation rate:

According to the given information,

Working population = 450 million,

People Unemployed = 95 million, and

Employed People = 245 million

Labor force participation rate = ?

First, find the value of the total labor, according to the given information,

$\text{Total Labor} = 245 \text{Million}+ 95\text{Million}\\\\\text{Total Labor} = 340 \text{million}$

Then, the Labor force participation rate are:

$\text{Labor Force Participation Rate} = \dfrac{\text{Total Labor}}{\text{Working Population}}\times 100\\\\\text{Labor Force Participation Rate} = \dfrac{340}{450}\times 100\\\\\text{Labor Force Participation Rate} = 75.55\%$

Therefore, the labor force participation rate is 75.55% (Approx).

Learn more about the population, refer to:

https://brainly.com/question/905400