Assuming that the categorization of citizens listed above


Question: Does the retired category count towards the working age population? To calculate the labor force participation rate

1. The table below categorizes the working-age population of Nation Q.

1110_Labor.jpg

a. Assuming that the categorization of citizens listed above represent the entire working-age population, calculate the labor force participation rate for Nation Q.

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Microeconomics: Assuming that the categorization of citizens listed above
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