Indian Economic Development: Employment – Growth, Informalisation and Other Issues · Class 12 · CBSE · Commerce Economics
In a town with a population of 2,000, 800 persons are employed and 100 persons are unemployed but actively seeking work. What is the labour force par…
Practice question from Indian Economic Development: Employment – Growth, Informalisation and Other Issues (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
medium · MCQ · Q-13CC95
In a town with a population of 2,000, 800 persons are employed and 100 persons are unemployed but actively seeking work. What is the labour force participation rate?
- A.40%
- B.45%Correct answer
- C.50%
- D.55%
Solution
Labour force = employed persons + unemployed persons seeking work = 800 + 100 = 900. Labour force participation rate = (900/2,000) × 100 = 45%.
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