In an economy, the working-age population is 200200 million. Of this total, 160.0 million workers are employed.6.0 million workers are unemployed. 28.0 million workers are not available for work (homemakers, full-time students, etc.). 4.04.0 million workers are available for work but are discouraged and thus are not seeking work. 2.0 million workers are available for work but are not currently seeking work due to transportation or childcare problemsThe labor force participation rate in this economy is ____%? ( round to one decimal place)

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26-03-2020
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In an economy, the working-age population is 200200 million. Of this total, 160.0 million workers are employed.6.0 million workers are unemployed. 28.0 million workers are not available for work (homemakers, full-time students, etc.). 4.04.0 million workers are available for work but are discouraged and thus are not seeking work. 2.0 million workers are available for work but are not currently seeking work due to transportation or childcare problemsThe labor force participation rate in this economy is ____%? ( round to one decimal place)

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heavenandholiness heavenandholiness · Answer 1 · 2020-03-30T07:58:53+02:00

Answer:

83.0%

Explanation:

In an economy, the working-age population is 200 million.

Of this total, 160.0 million workers are employed.

6.0 million workers are unemployed.

28.0 million workers are not available for work (homemakers, full-time students, etc.). NOT PARTICIPATING IN THE LABOR FORCE

4.0 million workers are available for work but are discouraged and thus are not seeking work. NOT IN THE LABOR FORCE

2.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems, NOT PARTICIPATING IN THE LABOR FORCE

The labor force participation rate in this economy is 83.0%

The participatory labor force are those who are willing and available to work.

In the scenario, that will be (160.0 million workers are employed + 6.0 million workers are unemployed) = 166 million / 200 million x 100 = 83%