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Answer to Question #162218 in Economics of Enterprise for ba

Question #162218

What was the labor force participation rate in Econostan in 2017?


1
Expert's answer
2021-02-11T17:13:01-0500

The labour force participation rates is calculated as the labour force divided by the total working-age population. The working age population refers to people aged 15 to 64. This indicator is broken down by age group and it is measured as a percentage of each age group.


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