The labour force participation rate is the
A. Proportion of population that is working
B. Proportion of population working or looking for work
C. Proportion of skilled workers population
D. Proportion of female workers to male workers
Answer: Option B
Solution (By Examveda Team)
In economics, thelabour force participation rate refers to the proportion of the population that is either employed or actively seeking employment. Therefore, Option B accurately defines the labour force participation rate as the proportion of the population working or looking for work. This measure includes both employed individuals and those who are unemployed but actively seeking employment.
It refers to the number of people who are either employed or are actively looking for work. So the answer should be "B".