The Labor Force Participation Rate: Equation & Concept


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question 1 of 3

Which of the following is the best explanation of the labor force participation rate?

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1. In the United States, which one of the following is NOT included in the population eligible to participate in the labor force?

2. What numbers do you need to know in order to calculate the labor force participation rate?

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About this Quiz & Worksheet

Gauge your understanding of how to calculate the labor force participation rate with this quiz and worksheet combo. Identify who are members of the labor community and solve some practice problems.

Quiz & Worksheet Goals

In this quiz you'll be assessed on the following:

  • What LFPR formula is
  • Your ability to identify eligible populations
  • The labor force
  • Your ability to calculate the labor force participation rate

Skills Practiced

The assessments also allow for the practice of the following :

  • Critical thinking - apply relevant concepts to examine information about the eligible population versus who's participating in economic activity
  • Problem solving - use acquired knowledge to solve LFPR practice problems
  • Interpreting information - verify that you can solve the participation rate and make interpretations about the economic activity of eligible populations
  • Defining key concepts - ensure that you can accurately define main phrases, such as labor force

Additional Learning

For more detailed info on the labor force, please take a look at the lesson titled The Labor Force Participation Rate: Equation & Concept. Objectives included in this lesson are:

  • Identify the eligible populations
  • Explain the calculation used to determine the LFPR
  • Identify groups that are not eligible participants
  • Explain what economic activities are