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The labor force participation rate is the percentage of the​ working-age population in the labor force. Suppose an economy is given​ by: Population​ = 213 million ​Working-age population​ = 120 million Labor force​ = 93 million The number of people employed​ = 85 million The number of people unemployed​ = 8 million The labor force participation rate for this economy is nothing​%

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Answer: 77.5%

Explanation:

Working Age Population: 120 million

Labor Force: 93 millions (employed and unemployed people)

The labor force participation rate = (Labor Force /  Working Age Population) X 100%

= (93000000 / 120000000) X 100%

=77.5%

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