There are 125,000 people in Hamiltonia. Of these, 25,000 are children. There are 50,000 people employed and 30,000 people unemployed.

What is the labor force participation rate in Hamiltonia?
Choose 1 answer:
(A) $64 \%$
(B) $20 \%$
(C) $80 \%$
(D) $30 \%$
(E) $50 \%$

Question

There are 125,000 people in Hamiltonia. Of these, 25,000 are children. There are 50,000 people employed and 30,000 people unemployed.

What is the labor force participation rate in Hamiltonia?
Choose 1 answer:
(A) $64 \%$
(B) $20 \%$
(C) $80 \%$
(D) $30 \%$
(E) $50 \%$

Accepted Answer

∻Solution by Steps∻ ‖ step 1 ⋮ To calculate the labor force participation rate, we need to know the labor force and the total adult population (age 16+). The labor force is the sum of employed and unemployed individuals. ‖ ‖ step 2 ⋮ Calculate the labor force: $Labor Force = Employed + Unemployed = 50,000 + 30,000 = 80,000$. ‖ ‖ step 3 ⋮ Calculate the total adult population: $Total Adult Population = Total Population - Children = 125,000 - 25,000 = 100,000$. ‖ ‖ step 4 ⋮ Calculate the labor force participation rate: $Labor Force Participation Rate = \frac{Labor Force}{Total Adult Population} imes 100\% = \frac{80,000}{100,000} imes 100\% = 80\%$. ‖ ∻Answer∻ ***C*** ∻Key Concept∻ ⚹Labor Force Participation Rate⚹ ∻Explanation∻ ⚹The labor force participation rate is calculated by dividing the labor force by the total adult population and multiplying by 100 to get a percentage.⚹◊What formula can be used to calculate the labor force participation rate in Hamiltonia?⍭ Generate me a similar question◊

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