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Answer to Question #278167 in Macroeconomics for amalanda

Question #278167

how to calculate labour participation rate

1
Expert's answer
2021-12-12T18:00:49-0500

Participation rate is the percentage of population that is either working or actively looking for work. It is calculated by dividing the labour force by the total working age population multiplied by 100.

Working age refers to the age between 15-64.


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