Economics · Employment and Unemployment
The Labour Force Participation Rate (LFPR) is defined as the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ratio of unemployed population to the total work force
- 2Ratio of population that is working or seeking work to the total working-age population✓
- 3Ratio of employed population to the total unemployed population
- 4Ratio of work force to working-age population excluding disguised unemployment
Correct answer
Ratio of population that is working or seeking work to the total working-age population
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