calculate the number of people in labour force, if the population is 100 among that 60 people have jobs 10 are in search of job and 15 people who are retired
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The labor force participation rate (LFPR) refers to the number of people available for work as a percentage of the total population. In August 2020, it was 61.7%.1
The LFPR measures the amount of labor in an economy, one of the factors of production. The other three are natural resources, capital, and entrepreneurship.2
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Answer:
70
Explanation:
because already 60 doing job and 10 looking for job
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