Q224
The labour force participation rate is the
A.
Proportion of population that is working
B.
Proportion of population working or looking for work
AnswerC.
Proportion of skilled workers population
D.
Proportion of female workers to male workers
Answer: Option B
Solution
Answer: Option B
Solution:
In economics, the labour force participation rate refers to the proportion of the population that is either employed or actively seeking employment. Therefore, Option B accurately defines the labour force participation rate as the proportion of the population working or looking for work. This measure includes both employed individuals and those who are unemployed but actively seeking employment.