Economics · Labour Economics
The Labour Force Participation Rate (LFPR) is defined as the percentage of the population that is part of the labour force. It is mathematically calculated by which formula?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Number of Labours EmployedWorking Age / Adult Population × 100
- 2Labour ForceWorking Age / Adult Population × 100✓
- 3Number of Labours EmployedLabour Force × 100
- 4Labour ForceTotal Population × 100
Correct answer
Labour ForceWorking Age / Adult Population × 100
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